Inflexion's CloserStill bolts on Learning 2018

The transaction forms part of Inflexion's international acquisitive growth strategy for the company, following the acquisition of France-based iLearning Forum in March 2017.

Unquote understands that the deal was financed with cash from CloserStill's balance sheet.

The latest deal comes three years after the GP acquired CloserStill alongside existing backers NVM Private Equity in a deal that enabled Phoenix Equity Partners to exit the business.

Inflexion is invested in CloserStill via its Partnership Capital fund, a £400m vehicle that closed in October 2014.

Company
Headquartered in Saratoga Springs, New York, Learning 2018 is an events company focusing on technology- and education-related conferences.

People
CloserStill Media – Phil Soar (executive chairperson).

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• Topics
• Portfolio management
• UK / Ireland
• Media
• United Kingdom
• Build-up
• Inflexion Private Equity
• United States