HgCapital supports Clarion Events in £13.5m acquisition of ATE

HgCapital acquired Clarion, the UK's largest independent exhibition and events business, in October 2004 in a £50m management buyout to allow the company to further its growth strategy. Over the last four years, the company has doubled in size and now has a turnover of more than £37m. Its best known consumer shows include the 'Fine Art & Antiques Fair', 'House & Garden', 'MPH' motor show, 'Baby' and 'Caravan & Outdoor' shows; and business exhibitions 'Top Drawer', 'Home & Gift' and 'Mortgage Business Expo'.

The acquisition of ATE increases Clarion's portfolio to 44 business and consumer events, and adds industry-leading events Amusement Trade Exhibition International and the International Casino Exhibition, which are staged in London. The portfolio also includes three leading publications: Coinslot, Betting Business and Casino Review.

The announcement comes less than a month after Clarion acquired joint-ownership of the NEC's consumer events organising division.

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