Arc agrees to acquire portfolios from LRP Media Group

Arc, a global events, data, and media platform backed by investment funds managed by EagleTree Capital, has announced that it has entered into an agreement to acquire a portfolio of event and related media assets serving the HR Technology (“HR Tech”) and Education Technology (“Ed Tech”) sectors from LRP Media Group. Terms of the acquisition were not disclosed. The company says the acquisition will be the sixth and largest acquisition for Arc in the fourteen months since inception and will add scale to the overall Arc platform. The assets will also expand the Arc network in the U.S. creating a robust complement to Arc’s European business.

Simon Foster, group CEO of Arc, said “This is a major development for Arc. The acquisition will expand our capabilities and operations in the U.S., and bring an experienced team, strong brands, and more high-growth verticals into the network. The HR Tech and Ed Tech teams have an impressive track record of launching and developing their brands, and we’re looking forward to working with our new colleagues to grow these portfolios and to further develop Arc in the United States.”

Ken Kahn, president & founder of LRP Media Group, added, “The HR Tech and Ed Tech portfolios include nine best-in-class brands that the teams have done a fantastic job transforming and expanding over many years. We are incredibly proud of the teams and brands and believe that we have found a great home for them with Simon and the Arc team. We look forward to watching them succeed in this new era.”

Arc says these portfolios reflect their strategy to connect business communities wherever, whenever, and however they need. They provide a diverse range of engagement solutions for facilitating networking and business growth. The professionals are brought together through content platforms and networking events, like HR Technology Conference and Expo, Future of Education Technology Conference, HR Executive, District Administration and University Business.

This acquisition is expected to close at the end of October, Arc expanded. Canson Capital Partners, an Arc founding partner, served as financial adviser to Arc. Jones Day and Plural Strategy Group served as Arc’s legal adviser and strategy advisor, respectively. JEGI CLARITY (www.jegiclarity.com), a pre-eminent M&A advisory firm for the media, marketing, information and technology industries, represented LRP Media Group in this transaction.