.
MergerLinks Header Logo

New Deal


Announced

Completed

Convene completed the acquisition of etc.venues.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United Kingdom

Single Bidder

Property Services

conference space

Acquisition

Cross Border

Majority

Private

Completed

Friendly

Synopsis

Edit

Convene, a hospitality company that designs and manages premium meeting, event, and flexible office spaces, completed the acquisition of etc.venues, a conferencing and events provider. Financial terms were not disclosed. "The London and New York City markets continue to rebound at a tremendous pace post-Covid with demand for outsourced premium meeting and event solutions accelerating from clients and landlords alike. The talented team at etc.venues, led by Alastair Stewart and Nick Hoare, managing director, has built an incredible business across the UK and New York for over 30 years; the acquisition of an organization with such an unwavering commitment to delivering high-quality meeting and event experiences allows Convene to expand our ability to serve our clients in more places and exciting new ways," Ryan Simonetti, Convene CEO and Co-Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US