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Providence parts with US trade show company George Little after just two years

23 Dec 2013

conference speakerProvidence Equity Partners has sold US retail trade show business George Little Management for $335m just two years after picking up the business from the UK’s Daily Mail and General Trust.

Providence paid £106m for the asset in the August 2011 buyout, and has agreed to sell it to Emerald Expositions.

Michael Dominguez, a managing director at Providence, said “[CEO Charlie McCurdy’s] leadership and the dedication of the entire management team were integral to the success of this investment.

“We’re fortunate to have had the opportunity to partner with GLM to accelerate growth, launch new products and make acquisitions that increased the breadth of its shows.

“We believe GLM has a bright future as part of Emerald Expositions.”

In July media-focused Providence apparently hit the $5bn target for its latest flagship private equity fund, which was reported as imminent earlier that month.

The fundraise put Fund VII well below its original $8bn target.

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