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Novistra Capital, a London and New York based boutique M&A advisory, is pleased to announce that Partnership Network Events (PNE), a leading UK-based hosted buyer events organiser, has sold a majority stake to CloserStill Media (CSM), the producer of market-leading business events, exhibitions and conferences.
PNE organises market-leading hosted-buyer events and conferences across education, healthcare and the public sector. Since its launch in January 2018, PNE has established itself as a leader in the global hosted buyer events space.
CloserStill Media, backed by Providence Equity Partners, specialises in high-value content-driven events and the nurturing of B2B and professional communities. The company operates events across a wide range of sub-vertical sectors in the US, Europe and Asia.
This deal marks another notable transaction in the media and events industry for Novistra, demonstrating sector expertise and the continued strong demand for high performing businesses in this market.
Jack Jacob, founder and CEO of PNE, commented: “The Novistra team were exceptional from start to finish. They were extremely hands on and remained in full control of the process till the very end, ensuring that every fine detail was managed. This deal would certainly not have been possible without them – I would highly recommend them to anyone considering a sale process.”
Ash Mittel, Managing Director at Novistra Capital commented: “We are delighted to have advised PNE on its majority sale to CSM. PNE has been on an impressive growth journey and this partnership will offer further growth opportunities and synergies. It has been a pleasure working with Jack, Dean and the PNE management team and we wish them every success in this exciting new chapter.”
Novistra is an M&A advisory with offices in the UK, US, and India. Novistra provides complete end-to-end transaction support to companies looking to maximise shareholder value through mergers, acquisitions, and private equity financing. Novistra has deep expertise in sectors including Technology/ITeS, Media and Events and Education.
Please contact the Novistra team to find out more:
