Hellman & Friedman to acquire events business Hyve in $1.8bn deal

Private equity firm Hellman & Friedman has acquired Hyve, a global business events organizer, for around $1.8 billion, marking a significant return on investment for Hyve’s previous owners, Providence Equity Partners and Searchlight Capital Partners. This deal highlights the ongoing trend of private equity firms investing heavily in the events industry, which is seeing a resurgence post-pandemic. The acquisition could signal further consolidation in the sector, as firms look to expand their market reach and leverage Hyve’s established network.