DMG Sells Home Events Portfolio for $53M
North American shows acquired by Marketplace Events LLC.
DMG World Media, a division of U.K.-based Daily Mail & General Trust, has sold its portfolio of 38 North American consumer home shows to Marketplace Events LLC for $53 million, the companies announced today.
Stephens Capital Partners LLC owns Marketplace Events.
The Jordan, Edmiston Group represented DMG in the transaction.
DMG COO Michael Franks said the home shows “were a significant reason for DMG World Media’s entry into the North American market in the first place, and we have enjoyed building the business to where it is today.â€
No layoffs are expected as a result of the deal, the companies said.
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