Apollo completes its acquisitions of Emerald and Questex, creating a scaled B2B events and media platform.
Apollo-managed funds have completed the acquisitions of Emerald Holding and Questex, bringing together two B2B events and media companies under one platform.
The combined company will integrate Emerald’s trade shows, conferences, B2C showcases and executive network with Questex’s live events and digital communities business.
Following the completion of the deal, Emerald’s common stock has stopped trading and will no longer be listed on the New York Stock Exchange. Emerald stockholders are receiving $5.03 per share in cash.
Paul Miller has become chief executive officer of the combined company, while Hervé Sedky has moved into a senior advisor role.
The company also named Vince DiMaggio as chief financial officer, Issa Jouaneh as chief operating officer, Kate Spellman as chief commercial officer, Kurt Nelson as chief talent officer, and Sara Altschul as chief legal officer and company secretary.
Apollo said the transaction creates a scaled B2B experiential events and media platform with expanded capabilities, deeper customer relationships and a stronger foundation for long-term growth.
The companies are expected to be integrated over the coming months as Apollo looks to build a larger platform in the B2B events and media market.
