Providence Equity Partners, a US private equity firm specialising in growth-oriented investments in media, communications, education and technology, has made an offer for Hyve Group plc, an international organiser of exhibitions and conferences which owns Spring Fair and Autumn Fair.
Richard Last, chairman of Hyve Group plc, commented: “The Board believes the offer represents value for shareholders and that Providence, with their knowledge of the sector and belief in the business and management team, will be a good partner for Hyve.
“I would like to take this opportunity to recognise the exceptional contribution of our people, whose commitment and hard work have fundamentally changed Hyve for the better, and place us at the forefront of our industry.”
We will continue to follow the story and update our readers as more information becomes available.
