Inactive Instrument

Hyve Group Plc

ITE

GB00BKP36R26

Hyve Group says takeover sanctioned by court

May 18, 2023 at 03:48 pm EDT

Hyve Group PLC - London-based events organiser - Court sanctions buyout of Hyve by Heron UK Bidco Ltd, a company controlled by funds advised by Providence Equity Partners LLC. Hyve in April backed an increased and final bid which valued it at GBP363 million on fully-diluted basis or GBP524 million in enterprise value. Hyve says on Thursday the acquisition will come into effect when the court order is delivered to the UK Registrar of Companies. This is expected to take place on Monday.

Current stock price: 120.56 pence

12-month change: up 32%

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Latest news about Hyve Group Plc

EU Commission OKs Providence Equity, Searchlight Capital Partners' Purchase of Hyve Group	23-06-02	MT
Hyve Group Delists from London Bourse After Takeover By Heron UK Bidco	23-05-23	MT
Heron UK Bidco Acquires Hyve Group	23-05-22	MT
Hyve Group Plc(LSE:HYVE) dropped from FTSE All-Share Index	23-05-22	CI
Hyve Group Plc(LSE:HYVE) dropped from S&P Global BMI Index	23-05-22	CI
Providence Equity LLP completed the acquisition of Hyve Group Plc.	23-05-21	CI
Hyve Group says takeover sanctioned by court	23-05-18	AN
Hyve Set to Delist in London as Court Sanctions Heron UK Takeover	23-05-18	MT
Goldplat nine-month operating profit falls	23-05-05	AN
Trident Royalties notes "positive" quarter	23-05-03	AN
FTSE 100 Closes Down 0.3% as Economic Outlook -2-	23-04-25	DJ
Banks shares fall as earnings disappoint	23-04-25	AN
Providence Equity raises Hyve takeover bid for "final" time	23-04-25	AN
Sterling Considered Overbought, Could Move Lower -2-	23-04-25	DJ
Providence, Searchlight Capital Sweeten Takeover Bid for Hyve Group	23-04-25	MT
Ascential's consumer data unit draws interest from Apax, BC Partners - sources	23-04-05	RE
FTSE 100 Closes Higher, Lifted by Oil Stocks	23-04-03	DJ
UK Economy to Avoid Contraction in 2023, After 4Q GDP Upgrade, DB Says	23-04-03	DJ
M&G to oppose private equity bid for UK events group Hyve - FT	23-04-03	RE
Sterling May Stay Steady Versus Euro as Dollar Moves Dominate	23-04-03	DJ
Surge in oil prices benefits the commodity-heavy FTSE 100	23-04-03
Hyve Shareholder M&G Investments to Oppose Takeover by Providence Equity Partners	23-04-03	MT
M&G to oppose private equity bid for UK events group Hyve - FT	23-04-03	RE
M&G TO OPPOSE PRIVATE EQUITY BID FOR UK EXHIBITION GROUP HYVE -…	23-04-03	RE
Providence brings in Searchlight as partner for Hyve offer	23-03-31	AN

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Company Profile

Hyve Group plc is engaged in the event business that operates through EdTech & Commodities, Retail, Engineering & Manufacturing, RetailTech & FinTech, Asia and Eastern & Southern Europe segments. The EdTech & Commodities division includes the Bett portfolio, Africa Oil Week, Mining Indaba and the acquired the Company events. The Retail, Engineering & Manufacturing division comprises the manufacturing and engineering portfolio and the United Kingdom retail portfolio, which comprises Spring and Autumn Fair, Glee and the United Kingdom fashion portfolio which includes Pure and Scoop. The RetailTech & FinTech division comprises the Shoptalk, Retail Meetup and Fintech Meetup brands. Shoptalk and Groceryshop are two United States-based e-commerce events company and are focused on the retail and grocery segments respectively. The Asia division includes the Company's businesses in India and China. Eastern & Southern Europe division is comprised of the event portfolios in Turkey and Ukraine.

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