{"id":100334,"date":"2025-02-04T00:00:00","date_gmt":"2025-02-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/modon-buys-into-londons-arena-events\/"},"modified":"2025-02-04T00:00:00","modified_gmt":"2025-02-04T00:00:00","slug":"modon-buys-into-londons-arena-events","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/02\/04\/modon-buys-into-londons-arena-events\/","title":{"rendered":"Modon buys into London\u2019s Arena Events"},"content":{"rendered":"

Modon agrees to acquire London\u2019s Arena Events from IHC + KSA\u2019s Tasheel: <\/strong>ADQ-backed developer Modon Holding<\/a> has entered into a definitive agreement with Abu-Dhabi based conglomerate IHC<\/a> and Saudi Arabia\u2019s Tasheel Holding Group<\/a> to acquire London\u2019s Arena Events Group<\/a>, according to a press release (pdf)<\/a>. The transaction \u2014 for which the value is still undisclosed \u2014 is expected to close by the end of next month.<\/p>\n

Who owns what: <\/strong>Theta Bidco, the parent company and sole owner of Arena Events, is currently 70% owned by IHC and 30% owned by Tasheel. Upon fruition, Modon Holding will own 100% of the large-scale events management company. <\/span>Also worth noting: <\/strong>IHC Group, one of the sellers, is also a majority shareholder in the buyer Modon Holding.<\/span><\/p>\n

The rationale:<\/strong> \u201cThe acquisition\u2026represents its [Modon] first significant entry into North America, which is the largest revenue generating region for Arena, housing almost half of its +1k global workforce,\u201d the statement reads.<\/p>\n

The Abu Dhabi-based real estate developer has been making a global push recently<\/strong>, with the acquisition<\/a> of Spanish real estate company La Zagaleta and inking an agreement in October to become the master developer on the USD 35 bn Ras El Hekma megaproject<\/a> in Egypt. Its subsidiary, Adnec\u2019s Excel London, also recently acquired London\u2019s BDCG Holdings,<\/a> which owns the Business Design Center venue in north London. The developer also acquired<\/a> a 50% stake in London\u2019s skyscraper project 2 Finsbury Avenue<\/a> under a newly-formed 50-50 JV with Broadgate REIT<\/a> last week. <\/p>\n

About Arena Events:<\/strong> Founded in 2007, the event solutions provider operates across over 10 countries including the US, UK, and Saudi Arabia. Its ventures included delivering large-scale solutions for the 2024 Paris Olympics, Formula 1 races (in Abu Dhabi, Jeddah, Las Vegas, Miami and Austin), Wimbledon and the T20 World Cup in New York. Arena is also a key partner of major golf tour operators PGA of America and LIV Golf, which is backed by the Saudi sovereign wealth fund PIF. <\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction is expected to close by the end of next month<\/p>\n","protected":false},"author":1,"featured_media":100335,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,60,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-ma-watch","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"d1f2be4a-6dbf-4bdd-8360-6e69d1227386","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/248.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Modon buys into London\u2019s Arena Events","related_issue":[100329],"teaser":"The transaction is expected to close by the end of next month","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.51421acc-ca96-4b62-bac9-db527ea12f84.mp3"},"yoast_head":"\nModon buys into London\u2019s Arena Events - 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