The NEC Group
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The NEC Group - overview
Established
1976
Location
Birmingham, England, UK
Primary Industry
Business Support Services
About
Based in the UK, The NEC Group is a premier live events company specializing in venue and destination management, facilitating a wide range of events that attract millions of visitors annually. Founded in 1976, The NEC Group operates as a venue management company in Birmingham, UK, hosting a variety of events. The company underwent a significant change in ownership in September 2020 when the Blackstone Group, along with LDC and management, acquired it for GBP 50 million. The company's management team includes Chukwuedozie N, Melanie Smith, Paul Dl, and Saddique Ali.
The NEC Group has completed a total of 3 deals, with its most recent deal occurring on September 7, 2020, which involved a BUYOUT for GBP 50 million, marking a pivotal moment in its business trajectory. The NEC Group is recognized as the UK’s leading live events business, specializing in venue and destination management. The company operates five venues that host over 750 events annually, catering to more than 7 million visitors each year. Their core offerings encompass exhibitions, concerts, and conferences, designed to create memorable experiences for attendees while facilitating business opportunities for exhibitors and sponsors.
The NEC Group serves a broad client base, including event organizers, corporate clients, and public organizations, primarily in the UK and extending to international markets across Europe, North America, and Asia. In 2018, The NEC Group reported a revenue of GBP 212,584,651. 10 and an EBITDA of GBP 68,270,607. 80.
The revenue is primarily generated from ticket sales, venue rentals, and sponsorship agreements associated with the events they host. Transactions occur through direct contracts with event organizers, where rental fees for venue usage are established based on the scale and duration of the event, supplemented by bespoke event management services for corporate clients. In the wake of its acquisition in September 2020, The NEC Group plans to leverage the GBP 50 million obtained from the transaction to enhance its services and expand its event offerings. The company is exploring new products designed to engage different audiences and elevate the event experience.
Additionally, there are plans to expand into international markets in Europe, North America, and Asia, aiming for strategic growth by 2025. These initiatives are aimed at positioning The NEC Group favorably in the competitive landscape of the live events industry.
Current Investors
Blackstone Group, LDC
Primary Industry
Business Support Services
Sub Industries
Corporate Event Management, Event Management
Website
www.necgroup.co.uk
Company Stage
Mature
Total Amount Raised
Subscriber access only
The NEC Group - timeline of key events
The NEC Group - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | Mar 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 120,081,000 | - | - | - | 160,242,000 | 168,623,000 | 158,788,000 | 25,885,000 | 92,098,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | 5.2% | (5.8%) | (83.7%) | 255.8% | - | - | - |
| EBITDA (USD) | 27,440,000 | - | - | - | 51,461,000 | 56,988,000 | 47,727,000 | (16,534,000) | 13,907,000 | - | - | - |
| Operating Income (USD) | 25,286,000 | - | - | - | 43,168,000 | 46,797,000 | 33,263,000 | (32,009,000) | (248,000) | - | - | - |
| Operating Margin | 21.1% | - | - | - | 26.9% | 27.8% | 20.9% | (123.7%) | (0.3%) | - | - | - |
| % EBITDA Margin | 22.9% | - | - | - | 32.1% | 33.8% | 30.1% | (63.9%) | 15.1% | - | - | - |
| NET Income (USD) | 826,000 | - | - | - | 22,636,000 | 25,305,000 | 18,081,000 | (46,166,000) | (17,082,000) | - | - | - |
| % Net Margin | 0.7% | - | - | - | 14.1% | 15.0% | 11.4% | (178.4%) | (18.5%) | - | - | - |
The NEC Group - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | The NEC Group | - | ||||||||
| Secondary Buyout | Completed | The NEC Group | - | ||||||||
| Buyout | Completed | The NEC Group | - | ||||||||
| Buyout | Completed | TOWA Laser Front Co., Ltd. | - |
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The NEC Group - employee data
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