Events. With 130 employees based at its head office in London’s Shoreditch, FCBI operates B2B conferences and publications in pharmaceuticals, energy, transport and insurance. Some 65% of its £30m revenue is generated in the US, 20% in Continental Europe and 10% in the UK. The MBO led by the CEO Piers Latimer marks an exit for the company’s founders. Terms not disclosed. The FCBI £30m revenue was disclosed by the Lloyd’s Bank private equity arm LDC but contrasts with 2016 losses of £600k in the UK statutory accounts, along with the closure of 130 events across the previous two years. Former Informa and EMAP B2B chief executive David Gilbertson is set to become chair of FCBI. It will need to build-out further with acquisitions and/or launches especially in the UK, so this will be a company to watch.
Uncategorised
LDC-backed MBO for FC Business Intelligence
