invests in Nineteen Group and backs first acquisition
Summary
Phoenix is investing alongside founder and chief executive Peter Jones, providing funding to drive Nineteen Group’s expansion plans. Western is an exhibitions and publishing business focused on security, health and safety, fire and facilities management. Kevin Keck, Partner at Phoenix, said: “The trade exhibitions market is highly attractive, and we have spent a lot of time searching for the right opportunity to invest in the sector again. Peter has a strong track record in the sector and the company’s current exhibitions provide an excellent platform for future growth.” Peter Jones, CEO of Nineteen Group, commented: “I’m really proud of the business we have built at Nineteen; we deliver high quality events with people at their heart. Phoenix’s investment and experience will enable us to seize more opportunities like this in the future and to fulfil our ambitious plans for growth.”