Informa has announced to have reached an agreement with Charterhouse Capital Partners and other shareholders to acquire Tarsus, one of the leading international B2B group, for an initial enterprise value of $940m.
Tarsus owns and operates a portfolio of over 160 live and on-demand B2B event brands, with a focus on growing, specialist B2B markets with fragmented supply chains and high levels of innovation. Tarsus Group runs the global Labelexpo series of exhibitions and events.
Since 2019, when Tarsus plc was acquired by Charterhouse, the Tarsus portfolio has been expanded and enhanced through 24 new launches and 11 targeted acquisitions. Like Informa, Tarsus is seeing a similar strong return to the market for live and on-demand B2B Events in 2023.
The top 10 Tarsus Brands – attracting a total of over 515,000 attendees and 8,350+ exhibitors – will further expand Informa’s Tier 1 portfolio to more than 85 brands.
Douglas Emslie, the current Chief Executive of Tarsus, will become a Senior Advisor to the Informa Group through the Combination Programme, guiding on talent, brands and partnerships.
The combination of Tarsus with Informa is expected to generate c.$20m annualised operating synergies by 2025 through efficiencies in procurement, real estate, technology, event contracts and other areas.
The combination is also expected to deliver incremental revenue benefits through cross marketing of brands, digital expansion and new event launches.