NEWS
Blackstone acquires live events specialist NEC Group
POSTED 19 Oct 2018 . BY Tom Walker
Private equity giant Blackstone has acquired UK-based live events venue operator National Exhibition Centre Group from LDC, the private equity arm of Lloyds Banking Group.

The deal, believed to be worth around £810m, will see Blackstone take control of the National Exhibition Centre (NEC) in Birmingham, as well as the International Convention Centre, the Genting Arena and Arena Birmingham – as well as caterer Amadeus and national ticketing agency The Ticket Factory.

NEC hosts many of the largest exhibitions in the UK and recently partnered with Merlin Entertainments to open the first Bear Grylls Adventure visitor attraction and a LEGOLAND Discovery Centre on the company’s sites.

The NEC is also due to host nine sports as part of the 2022 Commonwealth Games.

“Blackstone’s track record in scaling companies, sector knowledge and real estate capabilities, make them the ideal new partner for NEC Group to realise the next phase of our ambitious growth strategy," said Paul Thandi, Chief Executive of the NEC Group.

Lionel Assant, European head of private equity at Blackstone, added: “The NEC has transformed its main site into a leading leisure, entertainment and business destination, which continues to benefit from a diverse customer base.

"We have tremendous respect for what has been achieved; NEC Group is iconic and we are excited about our new partnership as we look to leverage our firm’s capabilities in support of the team.”
RELATED STORIES
Blackstone buys Chicago's Willis Tower for US$1.3bn – will invest US$150m in leisure elements


Blackstone has announced it will buy Chicago’s Willis Tower, the second-tallest building in the US for US$1.3bn (€1.19bn, £800m).
Birmingham NEC put up for sale


The NEC Group, which operates and owns the National Exhibition Centre (NEC), is to be sold by Birmingham City Council (BCC).
NEC Group's annual performance 'marginally ahead' of expectations


NEC Group has reported financial results "marginally ahead" of expectations for the year ending 31 March 2012 amid difficult conditions for its exhibition and live events venues.
NEC Group plans move into European market


The NEC Group has announced it is looking to further expand its international operations with the development of new opportunities within the European arena and stadium market.
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - Blackstone acquires live events specialist NEC Group...
19 Apr 2019 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

19 Oct 2018

Blackstone acquires live events specialist NEC Group
BY Tom Walker

NEC recently partnered with Merlin Entertainments to open the first Bear Grylls Adventure visitor attraction and a LEGOLAND Discovery Centre at the National Exhibition Centre

NEC recently partnered with Merlin Entertainments to open the first Bear Grylls Adventure visitor attraction and a LEGOLAND Discovery Centre at the National Exhibition Centre

Private equity giant Blackstone has acquired UK-based live events venue operator National Exhibition Centre Group from LDC, the private equity arm of Lloyds Banking Group.

The deal, believed to be worth around £810m, will see Blackstone take control of the National Exhibition Centre (NEC) in Birmingham, as well as the International Convention Centre, the Genting Arena and Arena Birmingham – as well as caterer Amadeus and national ticketing agency The Ticket Factory.

NEC hosts many of the largest exhibitions in the UK and recently partnered with Merlin Entertainments to open the first Bear Grylls Adventure visitor attraction and a LEGOLAND Discovery Centre on the company’s sites.

The NEC is also due to host nine sports as part of the 2022 Commonwealth Games.

“Blackstone’s track record in scaling companies, sector knowledge and real estate capabilities, make them the ideal new partner for NEC Group to realise the next phase of our ambitious growth strategy," said Paul Thandi, Chief Executive of the NEC Group.

Lionel Assant, European head of private equity at Blackstone, added: “The NEC has transformed its main site into a leading leisure, entertainment and business destination, which continues to benefit from a diverse customer base.

"We have tremendous respect for what has been achieved; NEC Group is iconic and we are excited about our new partnership as we look to leverage our firm’s capabilities in support of the team.”



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
£15m waterpark opens in Wales ahead of Easter weekend
£15m waterpark opens in Wales ahead of Easter weekend   18 Apr 2019

A new £15m (US$19.5m, €17.3m) waterpark has opened its doors to the public in Rhyl, Wales, with three flumes for thrillseekers to enjoy. SC2, which .... more>>
GWI’s ATM agenda to focus on medical and wellness tourism
GWI’s ATM agenda to focus on medical and wellness tourism   18 Apr 2019

The agenda for the Global Wellness Institute’s (GWI) Wellness Symposium at the 2019 Arabian Travel Market (ATM) has been set and will feature experts .... more>>
Lithuania’s Spa Hotel Esé invites millennials to tell their own story
Lithuania’s Spa Hotel Esé invites millennials to tell their own story   18 Apr 2019

International spa and wellness consultants The E77 Company are working on a spa hotel in Lithuania designed specifically for millennial customers, .... more>>
Elton John makes significant V&A donation for photography collaboration
Elton John makes significant V&A donation for photography collaboration   18 Apr 2019

London’s V&A Museum has announced a partnership with Elton John and his husband, David Furnish, that will see its Gallery 101 in the newly opened V&A .... more>>
Line-Inc create eclectic home away from home in landmark from the days of Imperial Japan
Line-Inc create eclectic home away from home in landmark from the days of Imperial Japan   18 Apr 2019

Tokyo-based architecture studio Line-Inc have transformed a 1930s-era hotel in Hokkaido, Japan into the Unwind Hotel and Bar Otaru. Erstwhile known .... more>>
Climate Emergency campaign draws support from UK culture sector
Climate Emergency campaign draws support from UK culture sector   18 Apr 2019

More than 190 UK institutions and individuals from the arts and culture sectors have pledged their support to Culture Declares Emergency (CDE), which .... more>>
Company profile


Vital Tech

Funded in 2013, Vital Tech is owned by its founders and some private investors.

View full profile>>

Catalogue gallery


Featured Supplier

Elevate and Metro Blind Sport to promote inclusivity through inaugural Charity of the Year partnership

Elevate and Metro Blind Sport to promote inclusivity through inaugural Charity of the Year partnership

Organisers of Elevate, Elite Sport and COPA are delighted to announce Metro Blind Sport as its Charity of the Year partner for the 2019 trade show, held at ExCeL London on 8-9 May. More>>




in this issue

• Deloitte: European fitness growing strongly
• Number of low-cost gyms could double
• Dungeon attraction opens at Alton Towers



Latest jobs

Jobs Search



Senior Recreation Assistant (Lifeguard)
Salary: Up to £19,775 pa (39 hours a weeks pro rata)
Location: Cambridge, UK
Company: GLL
Recreation Assistant (Lifeguard)
Salary: Up to £10.55 per hour
Location: Morden, UK
Company: GLL
Recreation Assistant
Salary: Competitive
Location: Bristol, UK
Company: Parkwood Leisure
Diary dates
Powered by leisurediary.com




24-25 Apr 2019

FUTR (Formerly Millennial 20/20)

Business Design Centre, London, United Kingdom



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Promotional feature: Alliance Leisure
The future of leisure in times of austerity More>>
  Last word: The benefits of retreats
Research is showing retreats could have a positive health impact More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Hospitality: Wasted opportunity
Restaurants take innovative approaches to solve the problem of food surplus More>>
  Last word: Nature’s bounty
FairWild is setting standards in the harvesting of wild ingredients More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd