Over the past three years, CloserStill has grown its non UK business from £5.5m to £13.9m, leading to its third consecutive appearance on the Sunday Times International Track 200, which ranks Britain’s mid-market private companies with the fastest-growing international sales.
The business’ EBITDA has grown from under £7m in the year before Inflexion invested in 2015 to approaching £20m for 2018, on revenues of over £55m. During that time international sales have grown by an average annual rate of almost 60 per cent.
Acquisitions in core sectors for the organiser have supported growth in the UK and internationally. The company now has events running in Singapore, Hong Kong, France, Germany and the USA.
Phil Soar, chief executive of CloserStill Media, commented: “Our experience and expertise in launching events means we have been able to take existing successful shows and quickly get them to highly profitable scale with relatively little initial investment and business disruption.
“Our deep relationships in the sectors we specialise in has opened up opportunities for acquisitions. We have a pipeline of further acquisitions in progress and further targets identified plus three international launches currently in progress with more planned.”
Acquisitions completed in the last year all support the CloserStill’s core sectors with iLearning Forum in Paris and the Learning Conference in Orlando, Fortbildungstage Baden Baden and OEB in Germany.
Since the investment from Inflexion in 2015, the company has successfully launched its Cloud and Data Centre events in Hong Kong and Paris and expanded its veterinary events business into Germany and the USA.
Clarion Events and Mark Allen Group also appeared on the league table.