Searchlight Capital invests in UK exhibition firm CloserStill Media

KORE group

01/05/2026 15:29

May 1 (Reuters) -
New York-based Searchlight Capital said on Friday it will invest in event organiser CloserStill Media, in a deal that would give the private equity firm joint control of the British firm alongside existing investor Providence.

The financial terms of the deal were not disclosed.

Here are some details:

Searchlight will share control of CloserStill with Providence, which has owned the firm since 2018 after it bought a majority stake for 340 million pounds ($464.03 million).

CloserStill operates specialist exhibitions and events such as the London Vet Show, Cloud Expo Europe and Data Centre World.

Earlier this week, sources told Reuters that private equity firm Apax was a possible frontrunner to acquire CloserStill, in a deal that could have valued the events firm at over 1.2 billion pounds ($1.64 billion).

Founded in 2010, Searchlight already has a vast portfolio of media and communication firms including U.S.-listed IoT hyperscaler Kore KORE.N and Chord Music Partners.

($1 = 0.7327 pounds)

 (Reporting by Prerna Bedi in Bengaluru; Editing by Diti Pujara)

 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616))