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M&A

COMEXPOSIUM

Acquired by

CRÉDIT AGRICOLE ASSURANCES

FRANCE Professional Services EV [1b EUR - 100b EUR] 03/2019

Target

COMEXPOSIUM

Acquirer

CRÉDIT AGRICOLE ASSURANCES

Context

The acquisition of Comexposium by Crédit Agricole Assurances marks the exit of the private equity firm Charterhouse Capital Partners, which originally acquired its majority stake in 2015. This transaction involves the transfer of control to a major institutional investor while the Paris Ile-de-France Chamber of Commerce and Industry (CCIP) maintains its historical involvement and significant shareholding. The strategic rationale for the deal is rooted in the substantial value creation achieved during the previous ownership cycle, characterized by an aggressive external growth policy involving numerous strategic acquisitions. These operations have allowed the group to consolidate its leadership in the professional events sector and broaden its international footprint. The transition to an institutional partner reflects the group’s maturity and the resilience of its business model in a consolidating global market. This partnership is designed to ensure the group remains a cornerstone of the global event industry, providing the necessary resources for further tactical build-ups and the continuous modernization of its flagship exhibitions. The deal also reinforces the stability of the group's governance, ensuring its long-term alignment with the interests of the French professional communities it serves.

Target

Created in 2008 following the merger of the trade show activities of the Paris-Ile-de-France Chamber of Commerce and Industry (Comexpo) and Unibail (Exposium), Comexposium is a leading global organizer of large-scale events. The group manages and owns a diversified portfolio of B2B and B2C exhibitions across numerous industrial sectors, including flagship events such as SIAL for the food industry and the Foire de Paris. Its business model is based on the rental of exhibition space, the sale of specialized services to exhibitors, and visitor ticketing, supported by recognized logistical and commercial expertise. Strategically, the company holds a dominant position in the French market while having developed a significant international footprint. It operates as a global networking platform, facilitating commercial exchanges for thousands of exhibitors and hundreds of thousands of annual visitors. The company relies on an agile organizational structure capable of managing large-scale events that require complex coordination between institutional partners, venue managers, and professional federations.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2019
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2018
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Other operations with COMEXPOSIUM

DateAcquirerTargetCountrySectorTarget Description
05/2015CHARTERHOUSECOMEXPOSIUMFRANCE
Professional Services

Created in 2008 following the merger of the trade show activities of the Paris-Ile-de-France Chamber of Commerce and Industry (Comexpo) and Unibail (Exposium), Comexposium is a leading global organizer of large-scale events. The group manages and owns a diversified portfolio of B2B and B2C exhibitions across numerous industrial sectors, including flagship events such as SIAL for the food industry and the Foire de Paris. Its business model is based on the rental of exhibition space, the sale of specialized services to exhibitors, and visitor ticketing, supported by recognized logistical and commercial expertise. Strategically, the company holds a dominant position in the French market while having developed a significant international footprint. It operates as a global networking platform, facilitating commercial exchanges for thousands of exhibitors and hundreds of thousands of annual visitors. The company relies on an agile organizational structure capable of managing large-scale events that require complex coordination between institutional partners, venue managers, and professional federations.