Event Network Inc

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Event Network Inc - overview

Established

1998

Location

San Diego, CA, US

Primary Industry

Retail

About

Event Network Inc is a retail solutions provider that specializes in enhancing the visitor experience at cultural institutions and attractions through effective management of their retail spaces. Founded in 1998 in San Diego, US, Event Network Inc focuses on retail management within cultural attractions. The company has undergone strategic developments to refine its service offerings. Glenn Vandevenne founded the firm, and currently, Larry Gilbert and Zaidi Humayoon lead as CEO.


In January 2018, Promus Equity Partners, alongside company management, acquired a minority stake in the company, although the financial details were not disclosed. Event Network specializes in providing retail solutions for cultural institutions and experiential attractions across the United States. Their core offerings include the management and operation of retail spaces within zoos, aquariums, museums, and similar venues. The services encompass a full suite of retail management, from product selection and merchandising to sales enhancement, aimed at creating engaging shopping environments for guests.


They partner with over 100 cultural institutions, serving diverse geographic markets including major cities like New York, Chicago, and San Francisco. Event Network generates revenue primarily through partnerships and retail management agreements with clients, often involving a revenue-sharing model where the company takes a percentage of sales from the retail spaces it operates. This structured partnership allows for tailored merchandise offerings that reflect each institution's unique themes, enhancing visitor experiences and providing financial returns to clients. Specific financial details of these agreements remain proprietary.


Event Network is focused on expanding its reach by enhancing its product offerings and entering new markets. The recent acquisition in January 2018 is expected to support these initiatives, allowing for more tailored services and expansion into additional cultural institutions across the United States. The company aims to roll out new product lines in the near future, further enhancing the shopping experience for visitors at its partner locations.


Current Investors

Promus Equity

Primary Industry

Retail

Sub Industries

Clothing Stores, Recreational Product Stores, Travel & Leisure

Website

www.eventnetwork.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Event Network Inc - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedEvent Network Inc-

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