Announced
Completed
Financials
Sources
Tags
Completed
Recreational Services
Acquisition
Domestic
Private Equity
Germany
Majority
Friendly
event organization
Private
Synopsis
Blackstone-backed Clarion Events, an independent event organizer, and gfu Consumer & Home Electronics, an electronics wholesaler, formed a joint venture. Financial terms were not disclosed. The joint venture company, IFA Management, reached an agreement with Messe Berlin for IFA, the world's most important trade show for consumer electronics and home appliances, to remain at the Berlin exhibition grounds. “I am delighted that IFA is staying in Berlin. Messe Berlin’s expertise in staging a show of this size and the potential offered by the new IFA Management GmbH will be crucial in maintaining IFA’s success in the years to come,” Sara Warneke, gfu Managing Director.
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