New Business Deals: CloserStill Media and Turnmill Make Major Acquisitions
February 21, 2025
Two leading global trade show and conference organizers kicked off 2025 by announcing strategic acquisitions.
Closerstill Media Scoops Up Digital Health Intelligence
Business events, exhibitions, and conferences producer CloserStill Media acquired Digital Health Intelligence (DHI), a London-based media business that serves the UK’s digital health community. Terms of the deal were not disclosed.
Announced on January 17, the deal adds Rewired, DHI’s flagship digital health event, to CloserStill’s growing healthcare portfolio, which includes healthcare-focused hosted buyer events run by OpenRoom and Partnership Network Events (PNE).
Related: CloserStill Media Acquires Majority Stake In Partnership Network Events
Launched in 2019, Rewired is considered a leading digital health conference in the UK that attracts more than 3,700 participants each year. Connecting National Health Service (NHS) IT industry professionals, leaders, suppliers, and more with health tech and service providers, the event is set to take place March 18-19 at NEC Birmingham.
“We are delighted to welcome DHI to the CloserStill Healthcare Portfolio,” said Matthew Butler, CloserStill Media group managing director. “The team at DHI has created the leading UK event for the Digital Health sector as well as complementary news products and innovative education and networking experiences that are highly respected by its community and sponsors. We look forward to building on this strong foundation and exploring new opportunities for growth.”
DHI also produces DHI Summer Schools, two-day education and networking events for present and future NHS leaders, and DHI Networks Exchange events, which focus on exchanging best practices and case study experiences in the digital health industry.
Turnmill Limited Grows Portfolio with Dealmakers Forums Acquisition
Global operator of large-scale events for the financial services sector Turnmill Limited has expanded its global reach and diversified its portfolio in the financial services industry with the recent acquisition of a majority stake in Brooklyn, New York-based Dealmakers Forums, organizer of high-level events in the legal, finance, and technology industries.
The acquisition marks the third company to join Turnmill’s expanding portfolio, which also includes GBM: Global Banking & Markets, producer of finance and investment conferences that bring together corporates, finance professionals, and investors, and Completely Events, which organizes leading retail property events in the UK.
Known for curating high-impact events offering targeted content, A-list speakers, and high-level, one-to-one meetings, Dealmakers Forums unite senior executives and thought leaders to foster connections, share insights, and drive deal flow. Its flagship events include LF Dealmakers, a premier conference for litigation finance, and IP Dealmakers, a leading forum for intellectual property transactions.
“[Dealmakers Forums’] deep sector knowledge and expertise in creating impactful events complements our mission to support deal flow progression by bringing entire market ecosystems together,” said Alex Johnson, Group CEO of Turnmill Limited. “This acquisition enables us to broaden our reach within financial services to the legal and technology sectors, enhancing the value we provide to our clients and stakeholders.”
By integrating Dealmakers Forums’ expertise and established events, Turnmill aims to enhance its ability to facilitate high-level meetings and support deal flow progression across greater sub-sectors within global finance, according to company officials.
“Partnering with Turnmill is a transformative opportunity to amplify our impact and expand our global reach,” said Wendy Chou, founder and CEO of Dealmakers Forums. “By uniting our expertise and shared dedication to excellence, we can elevate our event offerings, enhance the value we deliver to our participants, and create even stronger, more meaningful connections across industries globally.”
Backed by PE firm Horizon Capital, Turnmill has experienced strong growth across its events portfolio in London, Dubai, Cape Town, Miami, Istanbul, and Riyadh.
“We believe this partnership will accelerate Turnmill’s growth trajectory and further establish its position as a leading operator of large-scale marketplace events,” said Adam Lewis, partner at Horizon Capital.
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Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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