News this week: London-listed Tarsus
Group plc will acquire a 50% stake in the China
(Shenzhen) International Brand Underwear Fair (SIUF) from Mr Zhang Fengwei
and associates. Financial details of the transaction were not disclosed. Specialist
acquisition broker for the exhibition industry, Mayfield Media Strategies (MMS), acted
as broker on behalf of the sellers for this deal.
Launched in 2006, SIUF is an annual event held in Shenzhen.
The 2013 edition was held at the Shenzhen
Convention and Exhibition Center (SZCEC) with a net exhibition space of
15,900 m2. Tarsus expects the acquisition to complete in the next
few months pending Chinese regulatory approvals, upon where Mr Zhang and
associates will continue to manage the business.
Douglas Emslie, managing director of Tarsus Group, said, “We
are delighted to add SIUF, a market leading exhibition to our portfolio. China
is an important market for us and this acquisition fits with our “Quickening
the Pace” strategy as well as providing synergies with our Off-Price shows in
the US. This acquisition will consolidate our position in this fast growth
market.”
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