Managing director Simon Kimble set out a four-stage strategy for Clarion's development in the years ahead. The aims are to "continue to invest in and grow the current show portfolio; consider potential strategic acquisitions in the UK; actively seek venue partners in Europe with associated acquisitions of organizing companies, and extend involvement in the field of 'eventertainment'.
Kimble said: "This is an important day for Clarion. We have come so far in the last five years, but that was just the beginning. Our future lies in this wonderful opportunity to stand on our own two feet and create even more market-leading, show-stopping events. We see our markets extending beyond Earls Court and Olympia, throughout the UK and in to Europe, beginning with our investment in Glasgow with Clarion Scotland.
Kimble confirmed that HG Capital was chosen as backer both for its specialist knowledge and interest in investing in media companies but also for the experience and approach of the HG Capital team led by Robin Lincoln and Nick Martin, with whom Clarion have formed a strong working relationship. Kimble also paid tribute to the 100-strong Clarion staff: "Clarion's chief value lies in its people. They are the ones who create and shepherd the shows from inception to maturity and it is these people who will deliver the promises Clarion makes today for its future. I am indebted to the team for their hard work to date and am personally delighted that they are coming along on this ride."
(Lee Baldock)
