News
LDC exits FC Business Intelligence to Thomson Reuters
7 Oct 2019
LDC, the UK’s leading mid-market private equity investor, has announced the sale of global business-to-business events specialist FC Business Intelligence (FCBI) to Thomson Reuters. The value of the transaction is undisclosed.
FCBI delivers high-end conferences and exhibitions globally to a diverse range of sectors including energy, insurance, pharmaceuticals, transportation, travel, strategy and technology. It helps senior business professionals stay at the forefront of change in their industry through insight sharing and networking with peers.
LDC partnered with FCBI in 2018 to support the management team’s plan to drive organic growth and expand into new markets. Since then the business has focused on improving its customer experience and engagement and continued to increase the scale of its largest flagship events such as eyeforpharma Barcelona, Petrochemical Update Downstream, EFT 3PL & Supply Chain Summit and Insurance Nexus Connected Claims.
FCBI has now been rebranded to Reuters Events and will operate as part of the Reuters News division of Thomson Reuters.
Piers Latimer, Managing Director of FCBI, said: “We’re delighted to be joining the Reuters family, hugely excited by its vision for the future of Reuters Events and Reuters News, and very much looking forward to the journey ahead. In combination, there is tremendous opportunity to move into new markets, new geographies and to further enhance the value we provide to customers.
Our partnership with LDC has been pivotal towards getting us to where we are today. They supported our ambition from the outset and provided us with investment and expertise to help us meet our objectives sooner than expected, backing our decision to join Thomson Reuters.”
David Andrews, Director at LDC, said: “Since the start of our partnership with FCBI, we have worked closely with Piers and his team to build on their impressive growth to date.
“Given FCBI’s unrivalled sector-expertise and industry insight, it will be a valued addition to the Reuters brand. We wish the team and the business the very best of luck in the next phase of its exciting growth journey.”
LDC and FCBI were advised by JEGI | Clarity, CMS, Eversheds Sutherland and BDO.