Charterhouse secures 50% Comexposium stake

Charterhouse acquired the stake from commercial property company Unibail-Rodamco. The Chamber of Commerce and Industry of Paris Ile-de-France (CCIR), which co-owned Comexposium with Unibail-Rodamco prior to the deal, will retain its stake.

Charterhouse has been granted exclusivity – the deal is expected to complete in Q2 2015, following the usual consultation process.

According to French publication Capital Finance, the deal will be financed at around 50% with a senior debt facility.

Charterhouse declined to comment on the deal.

Company
Paris-based Comexposium was established in 2008 when Unibail-Rodamco and CCIR merged their respective event organisation businesses, Exposium and Comexpo. The business organises events worldwide, with 135 exhibitions held annually. The company generates an EBITDA of around €47m on revenues of €265m.

Advisers
Equity - Plural Strategy, Jonny Baynes (Commercial due diligence). 

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