World Trade Group / GCP Capital Partners LLP
Cavendish Corporate Finance LLP is delighted to announce the sale of World Trade Group (“WTG”), a leading international provider of business-to-business events, specialist training courses, online lead generation services and business conferences to an international client base. WTG, which was privately owned by Victor Lewis and Andrew Brown, has been sold to the private equity operator GCP Capital Partners in a £27.5m buyout led by the incumbent CEO, Andrew Brown and his senior team. The price paid represents a multiple of over 8 times operating profits.
WTG, which currently employs some 250 staff, was founded by Victor Lewis and Andrew Brown in 1997 and runs a broad portfolio of large scale business summits in Europe, North America and Asia. The Company is focused on events in global growth sectors such as energy and pharmaceuticals and was recently featured in the Sunday Times International Track 100 as one of the UK’s fastest growing international companies.
Cavendish ran a structured sale process which was designed to accommodate a significant number of strategic and private equity acquirers.
Victor Lewis, the 80% shareholder commented: “Choosing the right adviser to assist on the sale of my second business has proven to be one of the most important business decisions I have ever taken. The team at Cavendish showed an intimate knowledge of the sale process from start to finish. They demonstrated technical excellence in a complex transaction and I had full confidence in their abilities at all times. I am delighted that the management team have found a partner that will assist with the continued development of WTG.”
World Trade Group represents Cavendish’s first deal in 2012 having finished 2011 with a total of 14 completed transactions with a total aggregate deal value of some £289m.
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