NEC Group Acquired
Private Equity Funds managed by Blackstone (“Blackstone”) announce the acquisition of the National Exhibition Centre Group (“NEC” or “the company”), a leading live events venue operator in the UK, from LDC, the private equity arm of Lloyds Banking Group.
Founded in 1976, the NEC has grown into the UK’s live events business of choice for organisers, exhibitors and visitors, playing host to over seven million guests and 750 events every year. The NEC boasts Birmingham’s National Exhibition Centre, the International Convention Centre, the Genting Arena and Arena Birmingham among its assets as well as caterer Amadeus and national ticketing agency The Ticket Factory.
The National Exhibition Centre hosts many of the largest exhibitions in the UK, including Crufts, the internationally acclaimed dog show, Spring Fair, the UK’s largest exhibition, and Grand Designs Live. Many other renowned events take place within the NEC venues and NEC has partnered with Merlin Entertainments to open their first Bear Grylls Adventure visitor attraction and a LEGOLAND Discovery Centre on the company’s sites. The NEC is also due to host nine sports as part of the 2022 Commonwealth Games.