Announced
Completed
Financials
Tags
concours
Domestic
Friendly
United States
Private
Completed
Media Agencies
media company
Acquisition
Majority
Single Bidder
Synopsis
Canossa Events, the premium motoring events business of Motorsport Network, completed the acquisition of Cavallino, a US-based concours event and media company. Financial terms were not disclosed. "I have dedicated a lifetime to building the Cavallino community with a passion for all things Ferrari and it is a business with an impeccable reputation. I received several offers for the business, but I wanted it to be part of an ecosystem that serves the Ferrari community and where it can thrive. In Luigi, the Canossa team and the wider Motorsport Network group, I have found the ultimate platform run by people who share my passion and vision," John Barnes, Cavallino President.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.