Phoenix buys Nineteen Group, supports bolt-on
Phoenix Equity Partners has backed the buyout of trade exhibition organiser Nineteen Group and supported its acquisition of Western Business Exhibitions.
Nineteen Group is the eighth investment from Phoenix Equity Partners 2016, which held a final close on £415m in 2017 and is now approximately 50% invested, Unquote understands.
As part of the Western Business Exhibitions deal, Nineteen Group will take over The Security Event at Birmingham's NEC in April 2019.
Company
Nineteen Group was founded in 2011 and is headquartered in Wimbledon, London. It organises events and exhibitions, most notably the International Security Expo for the global homeland and commercial security industry. The business employed 11 people in 2017, according to publicly available documents.
Western Business Exhibitions was founded in 2010 and is headquartered in East Grinstead. It also organises events for the security industry, and employed 17 people in 2017, according to publicly available documents.
People
Phoenix Equity Partners – Kevin Keck (partner).
Nineteen Group – Peter Jones (CEO).
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