Tag: Providence Equity Partners

Providence acquires CloserStill Media for £340m Europe

London-based CloserStill Media has been acquired by Providence Equity Partners, the previous owner of Clarion Events, for a reported £340m (US$431.2m). The move comes after years of significant growth for the UK organiser, which was valued at £25m in 2012 when Phoenix Private Equity bought into the company and £125m in 2015 when Inflexion bought a minority stake. Flagship events include the London Vet Show,...

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CloserStill Media in negotiations with Providence Equity Partners World

Providence Equity Partners, previous owner of Clarion, is reportedly in negotiations to acquire UK-based international organiser CloserStill Media for an unconfirmed sum. The company is being sold by Inflexion, which announced a Partnership Capital minority investment in CloserStill in 2015. The move is one of a number of large private equity deals throughout 2018, peaking with the £3.9bn acquisition of UBM by Informa, demonstrating the increasing interest in the...

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