|Buyers and exhibitors conduct business at the recently concluded 2013 Couture Show in the Wynn Las Vegas. Photo credit: Anthony DeMarco|
Toronto-based private equity firm, Onex Corp., said Tuesday that it has acquired Nielsen Expositions, which includes the jewelry tradeshows Couture Show in Las Vegas, JA New York, JA Special Delivery New York, and the online jewelry publication, National Jeweler.
Onex paid the Nielsen Expositions’ parent firm, an affiliate of Nielsen Holdings N.V., $950 million in cash consideration. With the closing of the acquisition, the company was renamed Emerald Expositions, Inc., based in San Juan Capistrano, Calif. It produces more than 65 business-to-business tradeshows and conference events per year across nine markets, including general merchandise, sports, hospitality and retail design, jewelry, photography, decorated apparel, building, healthcare and military.
Onex Partners III made an equity investment of approximately $350 million, of which Onex’ share was $85 million as a Limited Partner in the Fund.
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