Emerald Holding, Inc. acquired PlumRiver LLC for $47.2 million .
January 06, 2021
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Emerald Holding, Inc. (NYSE:EEX) acquired PlumRiver LLC for $47.2 million on December 31, 2020. Subsequent to the transaction, Emerald Holding paid a consideration consisting of a cash payment equal to $30 million plus the issuance of an aggregate 805,948 shares of the company's common stock. The company will pay to the seller an additional $2 million in June 2022, plus up to $11 million in contingent payments, subject to the achievement of specified milestones and financial performance results in calendar years 2021 and 2022. Emerald Holding made this acquisition through its Elastic Suite solution. PlumRiver's revenues for the year-ended December 31, 2020, were equal to approximately $11 million. Sanjay Puri and Nick MacShane of Progress Partners, Inc. acted as financial advisors to Emerald.
Emerald Holding, Inc. (NYSE:EEX) completed the acquisition of PlumRiver LLC on December 31, 2020. Maxwell Yim, Lee Barnum, David Shaw, Jason Greenberg, Alan S. Kaden and Joshua S. Gelfand of Fried Frank served as legal advisors to Emerald Holding, Inc. Alantra, LLC acted as financial advisor to PlumRiver LLC.
Emerald Holding, Inc. is an operator of business-to-business (B2B) trade shows in the United States. The Company integrates live events, media content, industry insights, digital tools, data-focused solutions and e-commerce platforms into three complementary business lines: Connections, Content and Commerce. Its segments include Connections, All Other and Corporate-Level Activity. The Connections division includes a collection of B2B trade show franchises, which typically hold positions within their respective industry verticals. The Content division includes B2B print publications and digital media products that complement its existing trade show properties. These print and digital media products provide industry-specific business news and information across 20 sectors. The Commerce division offers B2B e-commerce and digital merchandising solutions, serving the needs of manufacturers and retailers through its Elastic Suite and Bulletin platforms.
EMERALD HOLDING, INC. 
