GL events
Welcome to the world of events.
As an integrated Group operating in all event professions, GL events works in three major segments:
event organisation, event venue management and services for fairs, congresses and events.
© Odile Decq architect / Felice Varini – Altitude 150
GL events
Cannes Film Festival
For more than twenty years, GL events has been on the select guest list of the greatest film festival in the world, providing top-quality services for the event.
© Alexandra Fleurantin
Cannes Film Festival
Nuits Sonores
The 2016 Nuits Sonores are equipped by GL events Audiovisual.
© Laure Rousville
Nuits Sonores
Sao Paulo Expo inauguration
The inauguration of the expanded and renovated Sao Paulo Expo on 26 April was attended by more than 500 economic decision-makers.
© Rodrigo Lopes/studiolopes.com
Sao Paulo Expo inauguration
COP 21
The aim of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21) was to negotiate a new universal agreement on climate change, in order to maintain global warming below 2°C. GL events supplied and assembled structures for this key event, and also provided audiovisual services, fixtures and fittings for the event spaces.
© Philippe Cler
COP 21
African Games
The Live! by GL events agency was in charge of organising the spectacular closing ceremony for the African Games.
© Myli Bourigault et Pierre Le Tulzo / Live! by GL events
African Games
Video City Paris
Organised by the producers of the Golden Moustache (M6 TV channel), the Studio Bagel (Canal+ TV channel) and Mixicom, in collaboration with Live! by GL events, Vidéo City brought together around a hundred of the most popular YouTube video creators. A genuine success!
© Philippe Cler
Video City Paris
Maison de la Mutualité
The Maison de la Mutualité was the former headquarters of the French mutual insurance federation . The venue has been managed by GL events since 2010. The Group has renovated the building to return it to its former glory. Today, the venue hosts all types of events, from business meetings and exhibitions to fashion parades.
Maison de la Mutualité
Equita
This is an event that horse-riding fans look forward to every year. Organised by GL events, Equita is the largest equestrian show in France. Each year, around 3,500 horses take part in the event which attracts over 150,000 visitors.
© PSV – Jean Morel
Equita
IMF and the World Bank
The Boards of Governors of the IMF and the World Bank met in Lima (Peru) this year to establish the main priorities and focuses for the two institutions. The production of this large-scale event was entrusted to a consortium made up of GL events and the event agency Stimulus.
© Joao Socola
IMF and the World Bank
Absolute
Spacious, elegant and with impeccable finishing, Absolute Triple Deck is an exceptional structure that combines robustness and aesthetics. Providing more than 25% additional interior surface area, this new events structure takes standards in excellence to a whole new level.
© Detail Ltd
Absolute
Back to Press releases 2003

Acquisition of Cofrata, Compagnie Française de Tourisme d'Affaires

Générale Location announce the acquisition of Cofrata, a recognized specialist in engineering services for congresses and conventions. This transaction will strengthen GL's position as the leading European provider of event engineering and logistics services.


Cofrata is a major provider of organizations services for congresses
Founded in 1987, Cofrata organize more than 35 professional events, congresses or conventions per year in France and Europe. With a staff of 42 professionals, the company has sales of € 14 million with an operating margin higher than the Group's.
Cofrata's services cover all stages of the process from design to the actual organization of the event: defining concepts, establishing budgets, finding an appropriate venue, implementing a management organization, providing dedicated secretarial services, promotion and hotel reservation.
Based in Toulouse and Paris, the company has a solid track record particularly in the medical sector in which it has a significant number of customer references including La Société Française de Transfusion Sanguine or Euro PCR (an interventional cardiology seminar with 8.500 participants every year).

In line with the group culture, Cofrata's management and professionals will pursue their activities within GL, contributing in this way to the rapid integration.


Significant synergies with GL's businesses
This acquisition completes and strengthens the range of services already proposed and will:

1) strengthen the Venue and Event Management division: GL will optimize venues under management by the addition of new events. This will in turn make the Group even more attractive to local authorities considering entrusting the management of their sites to a private player.

2) develop the market for Global Services: congresses or conventions offer a significant volume of recurrent business in an area where GL benefits from strong growth prospects.

3) complete a "comprehensive" vertical range of services: with this acquisition, GL further broadens its range of expertise. Through its fully integrated range of services, GL is able to offer a unique and comprehensive solution.

GL continues to pursue its strong growth strategy while maintaining its objective of acheiving further gains in profitability
The acquision of Cofrata should provide GL with significant and immediate synergies. Furthermore, given the company's high level of profitability and solid fundamentals, its contribution should have a relutive impact of around 5% in the current period. The acquisition PER ratio is in line with previous acquisitions.
The acquisition of 75% of Cofrata's shares will be accompanied by an exchange of shares for the remaining 25% within the framework of a reserved capital increase*.
The impact of this acquisition on the debt-to-equity ratio willl be 7%.

*This must comply with the terms retained by the COB and be approved by a forthcoming Extraordinary General Meeting.

Next important date:
Annual meeting: 20 June 2003 - 11am - Palais des Congrès Lyon
2002 first-half sales: 24 July 2003

 

GL events, bringing people together

Managing Director Corporate Finances and Administration : Erick ROSTAGNAT
Telephone :  + 33 4 72 31 54 20
Fax : + 33 4 26 20 42 00
Email : infos.finance@gl-events.com


Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581

Contacts

Erick Rostagnat - Managing Director Corporate Finances and Administration:
info.finance@gl-events.com
Tel : +33(0)4 72 31 54 20

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2015