Apollo Affiliates to Buy Emerald Holding for $5.03 a Share, Taking Company Private
Updated
Updated · StockTitan · May 11
Apollo Affiliates to Buy Emerald Holding for $5.03 a Share, Taking Company Private
9 articles · Updated · StockTitan · May 11
$5.03 a share in cash is the agreed takeover price for Emerald Holding under a merger with an Apollo-backed buyer, a deal that would delist the NYSE-listed events company after closing.
May 9 support from Onex-controlled stockholders already satisfied the written-consent condition, leaving the transaction subject mainly to antitrust clearances, an information statement mailing and other customary closing requirements.
Q1 revenue rose 5.2% to $155.4 million, driven largely by Emerald's Connections events business, while adjusted EBITDA was nearly flat at $52.7 million.
Net income fell to $7.2 million from $15.3 million as selling and administrative costs climbed, including a $17.9 million contingent-consideration remeasurement, even as operating cash flow more than doubled to $28.7 million.
Emerald ended March with $121.1 million in cash and a $502.7 million term loan balance, while still declaring $0.015-per-share dividends for both Q1 and Q2 2026.
Why did Apollo pay a 42% premium for Emerald despite its falling profits?
Will Apollo's plan to merge Emerald and Questex create an unbeatable B2B events giant?
As major event organizers go private, what is the future for publicly traded B2B companies?