Modon Holding Expands Global Footprint with Arena Acquisition
Deal News | Feb 04, 2025 | PR Newswire Cision Modon Holding
Modon Holding, an Abu Dhabi-based holding company, has announced a definitive agreement to acquire Arena Events Group Limited through the acquisition of its parent, Theta Bidco Limited. This move positions Modon as a prominent player in the global events industry, expanding its reach and capabilities across numerous international geographies. Arena Events, recognized for supporting high-profile sports events such as the Olympics, Formula 1, and PGA tournaments, also brings prestigious industry accolades to Modon's portfolio. With the acquisition pending regulatory approvals, it marks Modon's significant entry into the North American market and its pursuit of growth in integrated event solutions globally.
Sectors
- Events and Entertainment
- Infrastructure
- Investment and Holding Companies
Geography
- United Arab Emirates – Modon Holding is based in Abu Dhabi, UAE.
- United States – Arena Events has a significant operational presence in the US, which is highlighted as a key growth area for the acquisition.
- United Kingdom – Arena Events has an important presence in the UK, hosting major events, which represents a critical part of its global operations.
- North America – This acquisition represents Modon's first major entry into North America, a significant market for Arena Events.
Industry
- Events and Entertainment – The acquisition aims to enhance Modon's portfolio in the global events industry by integrating Arena's expertise in temporary infrastructure and event solutions.
- Infrastructure – Arena's specialization in large-scale temporary infrastructure aligns with Modon's strategic intent to expand its offerings in event infrastructure and services.
- Investment and Holding Companies – Modon Holding is involved in acquiring businesses to enhance its portfolio and expand its market presence.
Financials
- Not disclosed – The financial terms of the transaction were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Modon Holding P.S.C | Acquirer | Company | An Abu Dhabi-based holding company looking to expand its global events industry portfolio. |
| Arena Events Group Limited | Target | Company | A global leader in temporary infrastructure and integrated event solutions. |
| Theta Bidco Limited | Vendor | Company | The holding company owning Arena Events Group Limited. |
| IHC | Seller | Company | Owner of Arena Events Group through Theta Bidco, involved in the transaction with Modon. |
| TasHeel Holding | Vendor | Company | Participates in the transaction in conjunction with IHC to facilitate the sale of Arena Events Group. |