Emerald Holding Acquired by Apollo Global Management | Business Services M&A Deal

Apollo Global Management has acquired Emerald Holding, a business services other business in New York, for $1 billion. Emerald Holding operates B2B exhibitions and related events that drive industry networking and sponsor engagement across multiple categories. Apollo Global Management acquisitions in business services M&A aim to expand a scaled North American B2B events and media platform by combining Emerald’s exhibition portfolio with a broader digital engagement model. The going private acquisition is structured as an all-cash private equity acquisition, with Emerald shareholders receiving $5.03 per share and an estimated closing enterprise value of about $1.5 billion. Emerald Holding acquisition terms include board approval and a support agreement from a majority holder, with Emerald expected to delist from the NYSE upon closing.