JEGI CLARITY acted as sole corporate finance advisor to the shareholders of FCBI to explore strategic options following several approaches to acquire the TU-Automotive division.
TU-Automotive is the leading global events and intelligence provider serving the rapidly growing automotive technology market, acting as a reference point and communications hub for this evolving sector as it converges with consumer electronics, mobile and IoT.
TU-Automotive’s event portfolio includes 13 market leading B2B conferences and exhibitions across the globe, including the world’s largest connected car event, TU-Automotive Detroit, as well as regional flagship events in Germany and Japan. It also provides digital content, analysis, education, and business intelligence through its communications hub, www.tu-auto.com
TU-Automotive will become a part of the Penton Ground Transportation group and will strengthen Penton’s planned launches around IoT in 2016.
It was fascinating to watch how JEGI CLARITY managed our deal process. Nudging it forward all the time, keeping everyone at the table, urging all parties to dig deeper, and never wavering from the timetable and the process. It was a masterclass.
Mary Ambler, CFO, FC Business Intelligence