CMP back on the acquisition trail in Asia

Unless I've missed a few, the year has got off to a quiet start on the M&A front. CMP Asia, in partnership with Bologna Fiere, squeezed one into the first quarter with its purchase of a controlling interest in the Guangzhou Beauty Fair for a reported $7 million. This fair is a very strong event and has been built up over a decade or so by the fearsomely energetic Mme. Ma Ya. Good for her!

CMP and Bologna have worked together for many years on the Cosmoprof Asia event in Hong Kong and have now announced a spin-off Cosmoprof Shanghai show.

The company's last deal was in November last year when it acquired the Tokyo Jewellery Fair.