Novistra Capital
transaction-bg-2560x945

September 2024

United Kingdom

Novistra Capital advised PNE on its majority sale to CloserStill Media

Client

PNE

Deal Type

Sell-Side M&A

Deal Team

Ash-120x120

Ash Mittel

Managing Director

Radhima-120x120

Radima Khatataeva

Vice President

Tushar-120x120

Tushar Chidamber

Senior Associate

Client Description

Partnership Network Events (PNE) is a leading UK-based organiser of hosted-buyer events and conferences across the education, healthcare, and public sectors. Since launching in January 2018, PNE has established itself as a standout player in the global hosted-buyer event landscape—known for delivering curated, content-rich, and high-engagement experiences.

Approach

PNE engaged Novistra Capital to advise on a majority sale that would unlock growth opportunities and strategic alignment with a larger platform. Novistra ran a tightly managed process, focusing on global acquirers with a proven track record in high-quality B2B event assets.

Through disciplined execution and hands-on involvement at every stage, Novistra positioned PNE as a premium asset in the events sector—emphasising its audience quality, recurring revenue model, and strong brand in high-barrier verticals.

Outcome

PNE sold a majority stake to CloserStill Media (CSM), a leading global events organiser backed by Providence Equity Partners. The acquisition strengthens CSM’s footprint across verticals and geographies and creates a strong runway for PNE’s continued expansion.

This transaction adds to Novistra’s growing portfolio of deals in the media and events sector, reinforcing its position as a trusted advisor in high-growth, content-led platforms.

Rectangle-426-1-scaled-2560x718

“ 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.”

person-placeholder-120x88

Jack Jacob

Founder and CEO, PNE

Press Releases

MediaEvents-2560x381

September, 2024

Novistra Capital advises the shareholders of Partnership Network Events on its majority sale to CloserStill Media

Read more

Related Transactions

Merged with

Sell-side advisor to MEX Exhibitions

Novistra Capital advised MEX Exhibitions on its strategic alliance with Messe Frankfurt for growth

Exclusive sell-side advisor to MEX Exhibitions on its transaction with Messe Frankfurt, which established a...

Outcome: Leading portfolio of gift and stationery events across India

Acquired by

Sell-side advisor to Art Paris

Novistra Capital advised Art Paris on its majority sale to Comexposium

Exclusive sell-side advisor to Art Paris, a leading European contemporary and modern Art Fair, on...

Outcome: Transaction realized strong operational synergies

Received investment from

Financial advisor to YKA

Novistra Capital advised Youth Ki Awaaz on securing capital from Quintillion Media

Advised Youth Ki Awaaz on its first institutional capital raise, culminating in investment from Quintillion...

Outcome: Secured strategic investment from Quintillion Media for growth

Acquired

Buy-side advisor to Reed Exhibitions

Novistra Capital advised Reed Exhibitions, a division of RELX Group, on its acquisition of India Big7

Advised Reed Exhibitions, a division of RELX Group, on its acquisition of India Big7, expanding...

Outcome: Expanded Reed Exhibitions' portfolio across India and Asia

Acquired by

Sell-side advisor to India Art Fair

Novistra Capital advised India Art Fair on its stake sale to MCH Group

Advised India Art Fair on its majority stake sale to MCH Group, enabling strategic international...

Outcome: Acquisition strengthened MCH’s footprint in South Asia

Rectangle-426-1-scaled-2560x718

Clarity starts with
a conversation