London team advises Perella Weinberg Partners and Deutsche Bank on Providence’s £320m offer for Hyve Group

Global law firm Norton Rose Fulbright is advising Perella Weinberg Partners and Deutsche Bank AG, London Branch (Deutsche Bank) as financial advisers to Providence Equity Partners LLC (Providence) and Heron UK Bidco Limited on the approximately £320 million offer for Hyve Group plc (Hyve) by Heron UK Bidco Limited, a company controlled by funds advised by Providence. 

Under the terms of the recommended cash offer, each of Hyve’s shareholders will receive 108 pence per share in cash.

Hyve is a next-generation global events business whose purpose is to bring together and connect entire sector ecosystems from all corners of the globe and whose vision is to deliver game-changing impact to its customers by redefining events, and use its influential voice to create platforms for progress in the sectors it works within. Hyve meets its customer needs to learn, network and trade via unmissable in-person events, online platforms and hyper-productive meeting programmes delivered with globally consistent best practice and unrivalled quality. Hyve's global portfolio of market leading brands is divided across four divisions: RetailTech & FinTech, EdTech & Natural Resources and Retail, Manufacturing & Engineering and Asia. The portfolio consists of 33 in-person events and 23 tech-enabled products and includes brands such as: Shoptalk, Spring Fair, Bett, Mining Indaba, and the recently acquired Fintech Meetup.

Providence is a specialist private equity investment firm focused on growth-oriented media, communications, education, and technology companies across North America and Europe. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. Since its founding in 1989, Providence has invested over $32 billion across more than 170 private equity portfolio companies.