Allen & Overy is advising leading business-to-business events organiser UBM on its acquisition of Allworld Exhibitions, a privately-owned Asian-focussed exhibitions business, for a cash consideration which values Allworld at USD485 million.

The transaction will be structured as a purchase of several legal entities and is expected to complete without any closing conditions on 16 December in all geographies except Bahrain. Completion of the acquisition of the Bahrain entity is expected to occur within the next month.
 
The A&O team is being led by Corporate partner Jeremy Parr and senior associate Alex Tilley in London and by partner Richard Kim in Shanghai. Additional support was provided by tax, employment, pensions, antitrust and bank financing teams. Lawyers from A&O’s offices in Shanghai, Hong Kong, Singapore, Indonesia, Thailand, Myanmar and Vietnam provided local law advice.
 
Jeremy Parr and Richard Kim commented: “We are delighted to be acting on this key strategic transaction for UBM, building on our established relationship with them in London and on China deals.”