Providence exhibits £300m bid for London Vet Show owner

Providence EquityProvidence Equity Partners , the private equity firm behind Ambassador Theatre Group, is in talks to buy exhibitions group CloserStill Media for about £300m, according to a report by Sky News.

CloserStill is being sold by Inflexion, another buyout firm, which backed the company in 2015. A significant proportion of CloserStill’s revenues come from outside the UK, with exhibitions such as Dentiste Expo in Paris and Cloud Expo Asia in Singapore among its events. The deal with Providence, which could be signed within weeks, follows the investor’s £600m sale of Clarion to Blackstone last year.

 

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