Travers Smith LLP has advised Ascential on the sale of Ascential Exhibitions to ITE Group plc for £300 million, subject to shareholder approval.
The sale of Ascential's exhibitions business, which comprises Spring and Autumn Fair, Bett (including The Education Show), CWIEME, Pure, Glee and BVE, will allow these brands to prosper under the ownership of a specialised exhibitions organiser.
The Travers Smith team was led by Corporate Partner Edmund Reed with Support from Corporate Associate Jess Kolhorn. Specialist tax advice was provided by Tax Partner Kathleen Russ, with support from Senior Tax Associate Madeline Gowlett. Specialist commercial, IP & technology advice was provided by Commercial, IP & technology Senior Associate Sonny Mallet.
Travers Smith previously advised Ascential on the sale of its 13 heritage brands in 2017.