GL EVENTS (FR0000066672, GLO), the integrated events group, announces the acquisition of a 69% stake in East West Small Animals Clinical Veterinary Surgeons Conference (WESAVC).
GL events has acquired a 69% stake in the East West Small Animals Clinical Veterinary Surgeons Conference (WESAVC), the organiser of China’s leading exhibition of veterinary equipment for companion animals. The founders retain a 31% stake in the company. The company organizes a major event for the pet veterinary industry in Xiamen, covering equipment, developments in veterinary industry technologies, and conferences on specialized topics. Each year, this event attracts more than 1,000 exhibitors over an area of more than 50,000 sqm. WESAVC employs approximately forty people and generates sales of around €6m, with an operating margin of nearly 30%. The company will be consolidated in May 2025.
This acquisition will contribute to GL events’ strategy for developing the fast-growing animal health sector which offers significant growth potential in China and internationally. It will also boost the Group’s technological synergies and resources in the healthcare sector while reinforcing the ability of its subsidiary GL events Live Shenzhen (ZZX) to deliver its services.
Jean-Philippe Engel, partner at the Shanghai office, led the Leaf Transaction Team with support from associate Lin Mengqi.
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, 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.
About Leaf
Leaf is a corporate law firm specialized in operations in China. Its team composed of Chinese and international corporate lawyers advises mid-cap enterprises and international corporations for their M&A operations in China, their joint-ventures with public and private Chinese players, to expand distribution networks across Asia or to structure investment in Asia-based start-ups. Leaf has offices in France and China.
For further information:
Jean-Philippe Engel: jp.engel@leaf-legal.com
Bruno Grangier: b.grangier@leaf-legal.com
