Modon Acquires Arena Events Group
Deal News | Feb 03, 2025 | Zawya
Modon Holding P.S.C has entered into a definitive agreement to acquire Theta Bidco Limited, the 100% owner of Arena Events Group Limited, from IHC and TasHeel Holding. Arena is known for its global leadership in large scale temporary infrastructure and integrated event solutions, serving high-profile events such as the Paris Olympics, Formula 1 races, and Wimbledon. This acquisition is a strategic move by Modon to strengthen its hold in the global events industry, with Arena's operations extending to over 10 countries. Notable is Arena's significant market in North America. The acquisition aligns with Modon's growth strategy to boost its international presence, broaden its capabilities and create long-term value for shareholders. The transaction, projected to close by Q1 2025, awaits regulatory and customary approvals.
Sectors
- Events Management
- Private Equity and Investment
- Infrastructure
Geography
- United States – Arena has a significant presence in North America, particularly the United States, which is the largest revenue-generating region for the company.
- United Kingdom – Arena Events Group is headquartered in the UK, where it conducts significant operations.
- Saudi Arabia – Arena also operates in Saudi Arabia and was involved in events like the Formula 1 race in Jeddah.
- United Arab Emirates – Modon Holding and IHC are based in Abu Dhabi, UAE, making this geography significant for the transaction.
Industry
- Events Management – The acquisition involves Arena Events Group, a leader in providing event infrastructure and solutions, directly tying the transaction to the events management industry.
- Private Equity and Investment – The transaction includes Modon, a holding company, and IHC, a major investment entity, highlighting private equity and investment facets.
- Infrastructure – Arena Events Group provides large scale temporary infrastructure, making the infrastructure sector relevant to this acquisition.
Financials
- – No specific financial figures such as deal price or revenue were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Modon Holding P.S.C | Buyer | Company | An investment and development company involved in expanding its global events portfolio. |
| International Holding Company (IHC) | Seller | Company | A major investment company selling its ownership of Arena Events Group to Modon. |
| TasHeel Holding | Vendor | Company | A partner with IHC in selling Arena Events Group. |
| Arena Events Group Limited | Target | Company | A leading provider of event infrastructure and services, involved in high-profile events globally. |
| Theta Bidco Limited | Holding Company | Company | The entity that owns Arena Events Group Limited. |