Newton, MA – The expected “363 sale” of Questex Media Group, Inc. to a group of senior lenders has been completed, it was announced December 17.
The company was re-christened Questex Media Group LLC and will continue to be led by its existing senior leadership. “The financial restructuring has been a complex process for us, but I also believe there are invigorating challenges ahead in the new year and beyond for our trade show and event business,” Kerry Gumas, Questex president and CEO, told Trade Show Executive.
Questex organizes 45 trade shows, conferences and events in ten industry sectors. Its portfolio includes HotelWorld Food & Beverage; The International Restaurant Show; Nightclub & Bar Convention and Trade Show;and the International Esthetics, Cosmetics & Spa Conferences.
Questex filed for Chapter 11 bankruptcy protection in October in anticipation of being sold along with QMG Holdings, Inc. to the “stalking horse” company formed by the lenders. The new company has its own financing and is not subject to the Chapter 11 cases filed by QMG and the previous incarnation of Questex.
Questex Media Group LLC owns and operates InfoTrends, FierceMarkets, FiveStarAlliance, ImagingNetworks, Oxford Publishing, McLean Events International Ltd. as well as Questex magazines, online media and event brands.
The company said at the time of its bankruptcy filing that operations would continue normally. Trade Show Executive will provide further coverage of the future plans for Questex’s trade shows and other events.
Reach Kerry Gumas at (617) 219-8300 or firstname.lastname@example.org