Providence Equity Partners invests in CloserStill Media valuing the company at c £340m

Funds advised by Providence Equity Partners (“Providence”) have signed an agreement to invest in CloserStill Media (“CloserStill”), one of the world’s leading independent organisers of trade shows and events. Providence agreed to acquire a majority stake from Inflexion Private Equity (“Inflexion”), NVM Private Equity (“NVM”) and management. Phil Soar and Phil Nelson, co-founders of CloserStill, as well as the broader management team, will remain major shareholders alongside Providence. Financial terms of the transaction were not disclosed.

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CloserStill Media Acquires eLearning Guild

CloserStill Media has acquired a majority stake in Focuszone Media, Inc., operating as The eLearning Guild, for an undisclosed sum.   The eLearning Guild has a 40,000+ membership community of learning and development professionals in the United States and around the world.

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CloserStill Media could go up for sale for £300m

Accrording to The Daily Mail the company that runs the London Vet Show and a number of other events, could be about to change hands for up to £300million amid a frenzied year of buyouts in the events and exhibitions sector. City sources said the private equity owners of CloserStill Media have appointed bankers from DC Advisory Partners to find a buyer for the business. 

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Inflexion completes Partnership Capital investment in CloserStill

A press release dated early March 15 from Inflexion Private Equity Partners announced an investment in Closer Still – a secondary buy-out from “…Pheonix with NVM valuing the business at US$100m” (comment by JEGI).  The text of the release said: Inflexion is pleased to announce that it has completed a Partnership Capital, minority investment, in […]

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