Onex acquisition of Nielsen Expositions complete
New York--Private equity firm Onex Corp. completed its acquisition of Nielsen Expositions on Monday, a $950 million purchase that includes the Couture show, the JA New York shows and National Jeweler.
The expositions group is now called Emerald Expositions.
“Emerald Expositions is a company wholly run by trade media executives with years of experience. For National Jeweler readers and those who attend the JA and Couture shows, this means our sites, newsletters and shows are the company’s only focus. It means a new level of support that will enable us to provide an even higher standard of excellence for our customers and industry partners,” National Jeweler Editorial Director and Publisher Whitney Sielaff said.
Onex, with offices in Toronto, New York and London, acquires and builds businesses in partnership with management teams. The company has assets of $44 billion, generates annual revenues of $37 billion and employs about 243,000 people.
For the new Emerald Expositions it will be “business as usual” under the ownership of Onex, said CEO David Loechner.
“Onex’s acquisition of our business has given us a partner that will help Emerald pursue new growth opportunities while continuing to deliver exceptional value to our exhibitors and attendees,” he said.
The new Emerald Expositions produces more than 65 tradeshows and conferences per year. Its headquarters are in San Juan Capistrano, Calif.