Abu Dhabi-based Modon Holding has entered into a definitive agreement with International Holding Company (IHC) and TasHeel Holding to acquire Theta Bidco Limited, the sole owner of Arena Events Group Limited. Arena specialises in large-scale temporary infrastructure and integrated event solutions.
The acquisition enhances Modon’s position in the global events industry, expanding its capabilities and extending its reach into over 10 countries where Arena operates, including the US, UK and Saudi Arabia.
Arena has provided services and infrastructure for high-profile events such as the 2024 Paris Olympic Games, Formula 1 races in Abu Dhabi, Jeddah, Las Vegas, Miami, and Austin, as well as Wimbledon and the annual Cinch Championships at Queen’s Club in London.
Jassem Mohammed Bu Ataba Al Zaabi, Chairman of Modon Holding, stated, “The addition of Arena to the Modon portfolio is a key achievement in our journey to expand our international footprint, build diversification and develop the breadth of our services in the global events industry.”
The transaction, expected to close by the first quarter of 2025, is subject to regulatory approvals and customary closing conditions.
