GCP Capital Partners acquires World Trade Group

GCP Capital Partners (GCP) has acquired international provider of business-to-business events and training World Trade Group (WTG) in a £27.5m management buy-out.
 
WTG was founded in 1997 by Victor Lewis and the current CEO Andrew Brown, and runs a portfolio of business summits in Europe, North America and Asia, as well as online products and technical training courses. WTG was recently featured in the Sunday Times International Track 100 as one of the UK’s fastest-growing international companies.
 
Adam Maidment, Partner of GCP, said: “GCP favours supporting primary buy-outs of businesses with a strong track record and good growth prospects in attractive markets. WTG fits all of these criteria. WTG’s summits occupy an attractive niche in the growing face-to-face business events market. The business is well-positioned to continue to capture further growth in new territories and with new products.”
 
GCP has taken a majority stake in the business and has made further funding available to expand WTG’s geographic and sector reach through selected, complementary acquisitions.
 
Andrew Brown, WTG’s CEO, said: “We were looking for a partner who had the right level of ambition and strategic drive, a partner that could really add value. I am confident we have found the perfect match with GCP who support our growth plans and our vision for transitioning WTG into a major global media and events business in the next three to four years.”
 
The acquisition is GCP’s second in the media services sector, following its investment in Travel Entertainment Group, one of the world’s leading providers of in-flight entertainment services to the airline industry.
 
Maidment continued: “Media services is a sector with a number of attractive underlying characteristics. We look forward to exploring further investment opportunities in the sector.”
 
Do you have news for CN? Email: pcolston@mashmedia.net

Paul Colston

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Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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