Hyve Group

Last updated
Hyve Group
Company type Private
IndustryExhibitions & Conferences
Founded1991
HeadquartersLondon, UK
Key people
Mark Shashoua, CEO
Revenue £220.7 million (2019) [1]
£55.8 million (2019) [1]
£4.1 million (2019) [1]
Website hyve.group

Hyve Group Limited, formerly ITE Group, is an international organiser of exhibitions and conferences. The Group organises over 30 events and conferences each year and employs over 650 staff in 10 offices worldwide. The company's purpose is to create game-changing impact for its customers, through its unmissable events. [2]

Contents

History

The business was founded by the Shashoua family as "International Trade Exhibitions" (ITE) in 1991 and then launched a series of trade events in the new market economies of Russia and the CIS. [3] It was first listed on the London Stock Exchange in 1998. In 2008 it acquired Primexpo NW LLC, a conference organiser based in St Petersburg [4] and has subsequently acquired further businesses in Moscow (MVK), [5] Krasnodar (Krasnodar LLC), [6] Istanbul (YEMF and Platform Exhibitions), [7] Kyiv (Autoexpo and Beautex), [8] Mumbai (ABEC) [9] and Kuala Lumpur (Trade Link). [10]

The company rebranded from ITE Group to Hyve Group in September 2019. [11]

In December 2019, Hyve acquired two US-based events: Shoptalk and Groceryshop. [12]

On 15 March 2023, Hyve and Providence Equity's acquisition vehicle Heron UK Bidco Limited announced they had agreed the terms of a recommended cash offer to be made by Heron for the entire issued and to be issued share capital of Hyve. [13] In April 2023, Searchlight Capital became bidding partner of Providence for its agreed takeover, [14] with the deal completed in June 2023. [15]

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References

  1. 1 2 3 "Annual Report 2019" (PDF). Hyve Group. Archived from the original (PDF) on 2 November 2021. Retrieved 15 January 2020.
  2. ↑ "The power of human connections in a post-pandemic world". 12 June 2023.
  3. ↑ "ITE shrugs off concerns of backlash on Moscow food exhibition". FT. 16 September 2014. Retrieved 15 January 2020.
  4. ↑ "Morning Eyecatchers: May house prices down 2.4% month-on-month". Citywire. 5 June 2008. Retrieved 15 January 2020.
  5. ↑ "Reinvigorated telecoms sector pushing all the right buttons". The Times. 18 December 2010. Retrieved 15 January 2020.
  6. ↑ "ITE acquires Russian expo business". Exhibition World. 3 March 2011. Retrieved 15 January 2020.
  7. ↑ "ITE buys into Turkish exhibition business". Exhibition World. 3 July 2011. Retrieved 15 January 2020.
  8. ↑ "ITE Group buys another Ukraine organiser". Exhibition World. 12 April 2012. Retrieved 15 January 2020.
  9. ↑ "ITE Group Subsidiary Increases Stake In India's ABEC Exhibitions". Morning Star. 3 November 2015. Retrieved 15 January 2020.
  10. ↑ "ITE acquires Trade Link in Malaysia". TSNN. 11 February 2013. Retrieved 15 January 2020.
  11. ↑ Colston, Paul (20 September 2019), "ITE Group rebrands to Hyve Group with new centralised, global message", Exhibition World, retrieved 15 January 2020
  12. ↑ "Hyve buys US exhibitions Shoptalk and Groceryshop in £111m deal". The Telegraph. 18 December 2019. Retrieved 15 January 2020.
  13. ↑ "Providence Equity raises Hyve takeover bid for 'final' time". Shares Magazine. 25 April 2023. Retrieved 28 April 2023.
  14. ↑ "Providence brings in Searchlight as partner for Hyve offer". Conference News. 2023-04-03. Retrieved 2024-05-30.
  15. ↑ "Hyve acquisition by Providence and Searchlight completed". Exhibition World. Retrieved 2024-05-30.
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