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.”
No layoffs are expected as a result of the deal, the companies said.