TV Ratings firm Nielsen Holdings NV is in the early stages of selling its expositions business, according two sources familiar with the matter. The company has hired Credit Suisse to help in the sale of Nielsen Expositions, which generated $183 million revenue, roughly 3 percent of Nielsen Holdings total revenue at the end of last year. The division produces around 40 industry trade shows annually in the U.S.The sale is expected to attract interest from private equity buyers, one of the sources said. Private equity investors with stakes in Nielsen Holdings include Blackstone Group LP, Carlyle Group LP, KKR & Co, Thomas H. Lee and Hellman & Friedman.Representatives for Credit Suisse and Nielsen declined to comment.The plan to sell the business was reported earlier by Debtwire.
The Blackstone Group L.P. (Blackstone) is a United States-based company that is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 3.04% or $0.58/share to $19.63. In the past year, the shares have traded as low as $11.13 and as high as $19.69. On average, 4795430 shares of BX exchange hands on a given day and today's volume is recorded at 6567477.
Shares of CG traded higher by 2.73% or $0.89/share to $33.45. In the past year, the shares have traded as low as $20.00 and as high as $37.89. On average, 154378 shares of CG exchange hands on a given day and today's volume is recorded at 165747.
Nielsen Holdings N.V. is a global information and measurement company. Shares of NLSN traded higher by 1.72% or $0.59/share to $34.89. In the past year, the shares have traded as low as $25.02 and as high as $34.62. On average, 1824480 shares of NLSN exchange hands on a given day and today's volume is recorded at 2684031.
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