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Inflexion to divest stake in exhibitions operator CloserStill Media

CloserStill Media Ltd. shareholders agreed to sell the company to U.S.-based private equity firm Providence Equity Partners LLC for an undisclosed sum.

CloserStill runs content-led exhibitions across the U.K., Europe, the U.S. and the Far East.

The target company is backed by London-based private equity firm Inflexion Pvt. Equity Partners LLP, which bought a minority stake in CloserStill in March 2015.