Tarsus, the UK-based private equity-owned events company, has formed a joint venture with US beauty company Unfiltered Experience. The company was launched in July 2019 as a platform for independent beauty businesses.
Its latest event took place in Las Vegas this week as part of the Tarsus Offprice show. Regional standalone events will take place around the US, including LA, Nashville, and Chicago.
Tarsus Group, which is registered in Ireland, operates more than 150 exhibitions in the US, South America, China, South East Asia, the Middle East, and Europe, in sectors including aviation, medical, labels and packaging, travel, housewares and automotive. Its flagship brands including Labelexpo, Connect and the Dubai Airshow.
Charterhouse (until 2018 was the majority owner of French exhibitions group Comexposium) last year paid £668m (including the assumption of debt) to take the UK quoted Tarsus Group PLC into private ownership. The price was said to be 17 x EBITDA of the previous two years, although one analyst suggested it might be “just” 12.25 x EBITDA forecast for 2019.