Avesco Group Plc
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Avesco Group Plc - overview
Established
1984
Location
Crawley, -, UK
Primary Industry
Business Support Services
About
Avesco Group Plc is a technology solutions provider specializing in live events, offering services in audio, video, and lighting for various sectors including corporate, entertainment, and sports. Founded in 1984, Avesco Group Plc operates primarily in the live events sector, delivering technology solutions globally. The company, headquartered in Crawley, UK, was acquired by NEP Broadcasting in January 2018 for GBP 124 million. The founders include Emircan Nalçaci, Gezim Jupolli, Lori K.
, and Pratik Sheth. The latest funding round, an Add-on, raised GBP 124 million, with NEP Group, Inc. as the lead investor. Avesco Group specializes in providing advanced technology solutions for live events, experiential marketing, and installations.
Its core offerings include broadcast audio and video services, lighting solutions, LED displays, projection systems, and technical event management, catering to diverse sectors such as corporate, entertainment, sports, and cultural institutions. The company operates 32 offices across 17 countries, ensuring localized support for clients globally. Avesco's innovative systems integration services create immersive experiences through interactive installations and expert project management. For the most recent fiscal year of 2023, Avesco Group reported a revenue of GBP 299,599,289.
2 and an EBITDA of GBP 48,025,847. 7. The company operates on a B2B revenue model, primarily through service contracts with event planners, corporate clients, and entertainment companies, generating income via tailored technical solutions that encompass system design, engineering, and on-site support. Avesco Group plans to leverage recent funding from the GBP 124 million Add-on round to enhance its product offerings and expand into new markets.
The company is focusing on developing innovative solutions and may target emerging markets in Asia and the Middle East by 2025. The recent acquisition by NEP Group will facilitate access to broader resources, allowing Avesco to explore new opportunities in the live events technology sector.
Current Investors
NEP Group, Inc.
Primary Industry
Business Support Services
Sub Industries
Equipment Rental & Leasing
Website
www.avesco.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Avesco Group Plc - timeline of key events
Avesco Group Plc - financials
| Fiscal Year Ended | Sep 30, 2010 | Sep 30, 2011 | Sep 30, 2012 | Sep 30, 2013 | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 117,236,000 | 125,529,000 | 143,452,000 | 124,033,000 | 126,391,000 | 133,674,000 | 146,089,000 | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | 7.1% | 14.3% | (13.5%) | 1.9% | 5.8% | 9.3% | - | - | - | - | - | - | - |
| EBITDA (USD) | 17,861,000 | 19,453,000 | 24,261,000 | 9,700,000 | 18,857,000 | 23,298,000 | 38,784,000 | (3,955,000) | (4,000) | - | 14,000 | - | - | - |
| Operating Income (USD) | (756,000) | 1,518,000 | 4,498,000 | (8,350,000) | 868,000 | 4,858,000 | 19,968,000 | (3,955,000) | (4,000) | - | 14,000 | - | - | - |
| Operating Margin | (0.6%) | 1.2% | 3.1% | (6.7%) | 0.7% | 3.6% | 13.7% | - | - | - | - | - | - | - |
| % EBITDA Margin | 15.2% | 15.5% | 16.9% | 7.8% | 14.9% | 17.4% | 26.5% | - | - | - | - | - | - | - |
| NET Income (USD) | (1,047,000) | (134,000) | 1,855,000 | 35,106,000 | (1,548,000) | 3,426,000 | 12,994,000 | (796,000) | 3,181,000 | 214,000 | 167,000 | - | - | - |
| % Net Margin | (0.9%) | (0.1%) | 1.3% | 28.3% | (1.2%) | 2.6% | 8.9% | - | - | - | - | - | - | - |
Avesco Group Plc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Avesco Group Plc | - |
Displaying 1 - 1 of 1
Avesco Group Plc - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.