Providence Equity Purchases GLM

By danielle


Some of our favorite trade shows including the International Contemporary Furniture Fair (ICFF) and the New York International Gift Fair (NYIGF) will have a new owner. The R.I. based private equity firm, Providence Equity Partners, has acquired George Little Management (GLM) for approx. $173 million in cash – roughly $67 mil shy of the original deal proposed in June. After months of rumors, the deal was announced yesterday and is expected to close by the end of September. The sale includes 15 trade shows in the home design, tabletop/gift and antiques sector. GLM was previously owned by Daily Mail & General Trust PLC.

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