PE fund Charterhouse bids US$710m for Tarsus

London, 24th May: Today, Charterhouse, a private equity firm, has bid US$710 million to acquire Tarsus Group. The group’s independent directors are in favour of accepting the offer. The offer is approximately 17 times average EBITDA for Tarsus's financial years ended 31st December 2017 and 31st December 2018.

Charterhouse previously held a 50% stake in Comexposium before exiting that investment in 2018 selling to Crédit Agricole Assurance.

Listed on London Stock Exchange, the Tarsus Group is an international media company with business interests in exhibitions, conferences, publishing and online media. The company group was founded in 1998 and since then it has grown to operate over 40 separate brands. Today, Tarsus organises over 150 events in 17 countries covering 14 business sectors, along with publications and websites through its global network of operations.