Homebuyer wooed by mystery buyer

Homebuyer wooed by mystery buyer

Exhibitions company Homebuyer Events, which organises exhibitions for residential property investors, is considering a sale of the business, the Daily Telegraph has learnt.

It is understood that Homebuyer Events has appointed corporate finance boutique Media Mergers to advise the company on a potential sale following an unsolicited approach from a mystery buyer. Sources said the company is likely have an operating profit of around £2m and could be sold for £15m-£20m.

Homebuyer Events, which organises exhibitions in London, Manchester and Scotland, was founded by entrepreneurs Nick Clark and Michael Bridge in the early 1990s. Mr Bridge has since left the company but remains a shareholder.

Potential buyers for the company could include business-to-business publishers such as Centaur, United Business Media and Emap, according to banking sources. DMG World Media, DMGT’s exhibitions division, was also tipped as a potential acquirer.

Approximately 50pc of Homebuyer Event’s shows are dedicated to overseas property investing, which has become increasingly popular among Britons.
Source: Ben Harrington Telegraph