![Superstruct](/images/b8a89a02-f385-49aa-9db4-4958eaa0663d/sp/Superstruct--1-.png)
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Superstruct
Liberty advises the management team of Superstruct Entertainment on its acquisition by KKR
Liberty Corporate Finance is delighted to announce it has advised the management team of Superstruct Entertainment on the acquisition by KKR. Superstruct was previously acquired by Providence Equity Partners in 2017, who have an option to remain as a minority investor.
Superstruct is an entrepreneurial and leading European live entertainment group, owning and operating over 80 music festivals across 10 countries in Europe and Australia. Since its establishment in 2017 by Providence, Superstruct has grown organically and through acquisitions into one of the world’s premier live entertainment groups. Today, the company has a well-diversified portfolio across music genres and geographies. The portfolio includes some of Europe’s most popular and high-quality festivals, such as Wacken Open Air, Defqon.1, Parookaville, Sziget, Tinderbox, Boardmasters and Sónar.
Demand for live entertainment has grown significantly over the past decade and is expected to continue to expand, as consumer spending continues to shift from goods towards experience. KKR will support Superstruct in its next phase of development as one of the key players in a highly fragmented sector that continues to grow, expand and professionalise, whilst preserving the creative and cultural DNA of the Company.
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It was a privilege to work with Roderik and the rest of the management team in this important step for Superstruct. We wish them continued success with the support of KKR.
Dan Martinez
Partner
+44 (0) 7398 212 298
dan.martinez@liberty-cf.com