The Sunday Times newspaper reported that a digital publishing and events company backed by Guardian Media Group is in talks to buy the American conference organiser Money20/20.
The 2014 edition of the Money20/20 event will be held on 2-5 November, with in excess of 7,000 attendees expected, including over 700 CEOs from more than 2,400 international companies.
City sources said Top Right Group, jointly owned by private equity firm Apax and GMG (publisher of The Guardian newspaper), has been in talks with the owners of Money 20/20 with a view to merging the business with its i2i Events division. Contacted by CN, a Top Right spokesperson said its policy was “not to comment on such matters”.
Money 20/20 organises conferences for the online payments industry and is estimated to be worth up to £100m.
The owners of CloserStill Media, the organiser of the London Vet Show and bionergy event Nextgen, meanwhile, are understood to have hired DC Advisory Partners to look at “strategic options” next year.
CloserStill is valued around the £90m mark and acquired leading German specialist cloud event ‘Powering the Cloud’ in April for an undisclosed sum. The company also launched Data Centre World Frankurt to run alongside it and the organiser’s 20-plus events stable.
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