KPMG advised the shareholders of public unlisted Staging Connections including Investec Wentworth Private Equity on the sale to Freeman Audio Visual.
KPMG advised the shareholders of Staging Connections on the sale to Freeman Audio Visual.
Staging Connections Group Limited (SCGL) is Australia’s market leading event services and exhibitions business, with established operations in Australia, New Zealand, Fiji, China and Singapore. The shareholders of SCGL engaged KPMG to perform a strategic review of their business, based on our deep knowledge of the industry, solid relationships and expertise to optimally position the significant growth opportunities available to the business.
KPMG ran a global auction to fully divest the business, and the transaction was completed at a premium valuation for the sector.
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“KPMG’s mergers and acquisitions team including Beau Dixon conducted a highly successful global auction and delivered a premium valuation. Beau and his team provided valuable advice to the Board of SCGL including recommending the bidder engagement strategy and together with their experience, relationships with potential buyers and clear understanding of the business and its growth opportunities achieved a result above expectation.”
– Tony Chamberlin
On 19 October 2015, Freeman Audio Visual Inc. acquired 100 percent of SCGL. KPMG was instrumental in managing the global auction. KPMG’s deep knowledge of the business and relationships with potential buyers, process design and ability to optimally position the business resulted in a premium valuation.