Providence Equity Partners, previous owner of Clarion, is reportedly in negotiations to acquire 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 industry from investors.
US-based Providence Equity Partners owned Clarion Events up until the July 2017 sale to Blackstone for £600m.
CloserStill is being advised by DC Advisory Partners.