EagleTree Capital, a New York-based private equity firm, and Arc, a global events industry consortium led by Simon Foster, have announced an exclusive partnership to build the next-generation events business. The partnership will focus on acquiring single or groups of events, as well as forming joint venture partnerships with organisers, associations, and venues.
Simon Foster, a 20-year exhibition and media industry veteran, said, "We want to build the future of networking. Everyone in this partnership is experienced in developing the power and potential of live events. Our aim is to build the next-generation events business. Fuelled by our expertise and the energy of face-to-face events, we want to take the next step in connecting and supporting communities and building business networks."
„We want to build the future of networking.“
Foster previously served as CEO at Comexposium, UBM EMEA, and UBM Americas (now part of Informa PLC). As part of Arc, he is joined by an international consortium of knowledgeable and highly-experienced events industry professionals, who have a common desire to redefine what it means to connect communities. The team aims to improve business networking by putting data and insight at the core of industry communities, and, with an approach centred on industry knowledge, to make tactical investments in sector-leading brands.
EagleTree has been a long-time supporter of the media and events sector. Current and past investments in the space include Northstar Travel Group, ALM, and Penton. The firm also has several investments in businesses that serve the live events industry, notably, Moss and Sparks.
"Simon and I worked together at UBM, and I am very excited to partner with him to help build and scale a leading events and trade show business," said Robert Gray, operating partner at EagleTree. "Our combined resources are coming together at an opportune time, and we're excited to help the team source and grow assets."
The partnership is in active discussions to add assets to its platform. It is seeking out strong brands in responsible and sustainable sectors that will deliver long-term value and grow with the addition of strategic investment and dedicated focus.www.eagletree.com/simon-foster-led-consortium-arc-enters-into-partnership-with-eagletree-capita/