EagleTree acquires Chicago-based PRA business events management company

US-based events management company PRA has been acquired by EagleTree Capital on behalf of its private equity fund EagleTree Partners V (“EagleTree”). EagleTree acquired the Company from CI Capital Partners, a New York-based private equity firm that invested in PRA in 2017. The PRA management team will continue to lead the company. Terms of the transaction were not disclosed. PRA coordinates business events and programmes on behalf of corporate clients across a variety of industries and its clients include many Fortune 100 companies. EagleTree’s acquisition will mean further investment in the company’s offerings, including event design/strategy, digital engagement, content creation, production, vendor management, logistics/transportation, and more. Mike Fiber (pictured), chief executive officer of PRA, stated: “Since its founding over 40 years ago, PRA has become a leading business event management firm in the United States. After successfully navigating through the global pandemic, we continued to support our clients through a very challenging recovery in 2022, and ultimately delivered the most successful results in the company’s history.  We are excited to continue to build upon this momentum and thrilled to have the support and partnership of EagleTree Capital.” Anup Bagaria, co-managing partner of EagleTree, added: “PRA represents a great opportunity for EagleTree to leverage its experience investing in travel, trade shows and conferences and event services.  We are very excited to partner with the entire team at PRA.”