02.01.20 M&A Transactions
1 min to read

GL events has acquired the control of a fashion exhibition in China with Leaf

Leaf has assisted GL events to purchase the control of Fashion Source exhibitions in southern China. 

The company operates an exhibition under the Fashion Source trademark devoted to the fashion sector (clothing, apparel fabrics and accessories) held twice a year in Shenzhen:

  • A fall version, launched in 2001, which will bring together in November 2019 more than 1,000 exhibitors within gross space of more than of 100,000 sqm
  • A spring version, launched in 2018, whose second edition to be held in May will double in size (gross space of 30.000 sqm).

Fashion Source’s strong growth reflects the quality of its events as well as the professionalism and drive of its teams in promoting a destination that combines significant industrial capacity with the innovation and creativity of a very young metropolitan region.  This acquisition will mark a new phase in GL events’ development strategy in China, one month after acquiring a majority stake in CIEC Union, a Beijing-based exhibition specialist in the construction finishing work and decoration sectors with the assistance of Leaf M&A team. According to GL events, this transaction will also bolster in China, which last year became the world’s largest fashion market, a strategic position and proven expertise in the textile and fashion segment deployed through Première Vision, a company jointly held by GL events and Association Première Vision, a French textile industry trade association group. With its portfolio of exhibitions in this sector (Première Vision Paris, Première Vision New York, Première Vision Istanbul, Denim Première Vision, Blossom Première Vision and Made in France Première Vision), this company is the international leader for creative materials for fashion brands. Leaf has assisted GL events in their Chinese transactions in collaboration with the team of GL events for the legal due diligence, the structuring, the negotiations and the drafting of transaction documentation. Leaf has also liaise with the authorities to complete all the necessary administrative formalities and filings. Jean-Philippe Engel and Peggy Wu have led the Leaf Transaction Team with the support of Bruno Grangier.

About GL events

As an integrated Group operating in all event professions, GL events works in three major segments: event organization, event venue management and services for fairs, congresses and events. GL events assists companies, institutions, and event organizers at every stage of the process from the definition of their event strategies to final implementation in the field. Recently, GL Events has announced 2018 consolidated revenues topping €1bn.