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New Deal


Announced

Providence Equity Partners to acquire CloserStill Media from Inflexion and NVM.

Financials

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Transaction Value£180m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Entertainment

Majority

events organizer

Private

Private Equity

United Kingdom

Single Bidder

Pending

Synopsis

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Providence Equity Partners have signed an agreement to invest in CloserStill Media, one of the world’s leading independent organisers of trade shows and events. Providence agreed to acquire a majority stake from Inflexion Private Equity, NVM Private Equity and management. Financial terms were not disclosed. “CloserStill is an exceptional business led by a strong management team with a proven track record of developing and acquiring successful events around the world. With a compelling global portfolio and diverse customer base across the technology, learning and healthcare sectors, CloserStill is well-positioned to accelerate the momentum the business has generated to date. We are excited to partner with such a fantastic team and look forward to working together.” Andrew Tisdale, Providence Managing Director.

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