Pace Equity advised the shareholders of Science Media Partners Limited, an international events and publishing company based in Reading on the sale of the business to global events company Terrapinn Limited, based in London.
SMP is focused on next-generation government, citizen and consumer-based identity solutions and its leading events include SDW 2018 and connect:ID – as well as the highly-respected news and information web portals www.planetbiometrics.com and www.securitydocumentworld.com.
Terrapinn’s CEO, Greg Hitchen, said: “Science Media Partners fits really well with our enterprise technology portfolio and our style of event. There is also a strong cultural and entrepreneurial fit. And the events are world-class.”
Following the acquisition, Mark Lockie, Founder and Managing Director of SMP, will continue to lead the SMP business.
Husband and wife team Mark and Andrea Lockie said: “Having a trusted advisor at our side made a huge difference, both during negotiations, and in helping to bring the deal to fruition. Pace Equity made a demonstrable difference in helping us achieve the outcomes we were aiming for, and their professional approach was a constant source of reassurance.”