Nineteen Group sells to private equity fund

U.K., 19th September: U.K.-based exhibition organiser, Nineteen Group, was acquired by a private equity fund, Growth Partnership Fund, for about £225 million (US$297 million).

The new establish Growth Partnership Fund is led by Kline Hill Partners and co-led by Ares Management, and Phoenix Equity Partners, Nineteen’s original investor. According to media reports, the “continuation” fund will be worth £200 million (US$264 million), helping drive Nineteen’s growth and acquisition strategy.