The Desk Summary
Searchlight Capital and Providence Equity Partners Acquire CloserStill Media in £1.3B Recapitalization
Brief
Searchlight has acquired CloserStill Media (announced 2026-05-01). Searchlight has invested in CloserStill Media, with the transaction announced on May 1, 2026. The deal was reported by The Middle Market, and CloserStill Media serves as both the target and the platform for the investment. No additional details on the deal type, valuation, financing, or advisors were disclosed.
Searchlight Capital and Providence Equity Partners have acquired CloserStill Media, a B2B events organizer, in a recapitalization valued at £1.3 billion ($1.77 billion).
CloserStill generates over $300 million in revenue with margins above 30%, and reported trailing EBITDA of at least $90 million, with projected 2026 EBITDA of $120 million to $130 million based on double-digit organic growth.
The deal, announced May 1, 2026, provides a pricing benchmark for the PE-backed events sector, with a forward multiple of...
Deal details
- Buyer
- Searchlight
- Sponsor
- Needs Verification
- Target
- CloserStill Media
- Platform
- CloserStill Media
- Deal type
- Secondary
- Announced
- May 1, 2026
- Status
- announced