BCMS Wins International M&A Deal of the Year Award
The BCMS-advised sale of Allworld Exhibitions to UBM plc has won the M&A Deal of the Year (US$250m-$500m) at the 9th Annual International M&A Awards. The ceremony was held on June 12th at the New York Athletic Club, New York City.
BCMS acted as lead advisor to the shareholders of Allworld Exhibitions throughout the transaction, which was one of the largest and most complex deals in the mid-market in 2016. BCMS designed and managed a highly competitive process, with strong interest from both corporate buyers and leading global private equity funds, culminating in one of the highest valuations ever paid for an events business. Other advisors on the deal included JP Morgan Cazenove, KPMG, Ernst & Young and legal advisors Herbert Smith Freehills and Allen & Overy. Read more about the deal here.
BCMS Director Jonathan Dunn, who led a BCMS deal team comprising experienced professionals from our offices in the UK and US, said: “It’s always gratifying to be recognized by the financial services community for the work we do for our clients. We’re obviously delighted to win this highly prestigious accolade, in a hugely competitive category.”
BCMS Director Greg Garland, who designed and ran the transaction process, commented: “The Allworld Exhibitions deal was dynamic and technically complex. It was a landmark deal for BCMS, but bore many of the characteristics of the proven BCMS process. Its success – as acknowledged by the judges – demonstrates that the BCMS approach to selling companies for maximum value works for any deal size.”
David Fergusson, President and Co-CEO of The M&A Advisor, said: “For the third year in a row, the increase of cross border M&A eclipsed the growth of domestic M&A during 2016. The 9th Annual International M&A Awards celebrate the creativity, perseverance and ingenuity of our industry’s leading corporate finance professionals, whose contribution to the global M&A market benefits businesses and consumers across the world.”
The Allworld Exhibitions deal won this highly prestigious international award ahead of high-profile transactions including the acquisition of Morrison Utility Services by First Reserve, and the merger of AAHC Inc with DYK Automotive LLC.
The transaction was also a finalist for two other awards:
- Corporate/Strategic Deal of the Year ($250mm - $500mm), and
- Cross Border Deal of the Year ($250mm - $500mm).
The M&A Advisor, the world’s premier “think tank” and leadership organization for M&A, restructuring and financing professionals, has been honoring the leading international M&A transactions, companies and dealmakers since 2009. This year, winners were selected from over 260 participating companies.