Exhibition International Investment Partners Pte Ltd and Abacus Capital (S) Pte Ltd have announced the formation of a global fund investing in the exhibition and events industry. Headquartered in Singapore, it is the first global fund of its kind, according to the partners.
With the strong growing interest in the MICE industry the Arena MICE Equity offers an opportunity to gain exposure to the recovery and growth of the MICE Industry. The Fund’s portfolio will consist of publicly listed MICE and MICE-related stocks. The fund expects to invest in up to 20 stocks listed across major global stock exchanges. The negative impact of the pandemic on the MICE industry has led to cash flow shortages and capital needs for most of the organizers, creating a window of opportunity for consolidation and growth. Larger and more resilient companies with strong balance sheets, which Arena will target for investment, are now able to increase their market share globally.
„The formation of the fund will draw attention to this very important business sector.“
The Fund is led by a team of CEOs and business leaders in the MICE industry, with each individual having over 20 years of experience running companies with global operations. Under the umbrella of Exhibition International Investment Partners Pte Ltd (EIIP) they will form a Board of Advisers for the fund.
Bjoern Kempe, lead advisor and chairman of EIIP says: “The exhibition industry severely suffered and until now is still suffering from the Covid-19 pandemic. I believe the formation of the fund that invests in publicly-listed companies active in the MICE industry can not only support troubled companies and provide capital but most importantly the fund will draw attention to this very important business sector.”
Hogi Hyun, Managing Director at Abacus Capital: “The MICE industry is a large untapped sector with no dedicated funds or ETFs for investors. Listed MICE stocks due to the global pandemic are expected to rally as global vaccination effort will enable business travel to resume and the MICE sector to reopen from 2022 onwards.” The Fund is targeting to attract USD 100 million of investment in the launch year.www.abacuscapital.com