Massie leads buy-out after Vibe put in administration
After failing to secure anticipated new investment, the transparent ticket resale platform is restructuring following a management buy-out
News By | 10 May 2018
THEVIBE Ltd, the UK ticket resale platform trading as Vibe Tickets, has been placed into administration.
According to investor Vela Technologies – which first acquired a stake in the business in October 2016 – the £750,000 raised by Lancashire-based Vibe the following October represented around six months’ worth of future cash requirements, “during which time it was anticipated that discussions with new investors and existing shareholders would result in Vibe Tickets being able to raise further funds of in excess of £1m”.
When those…
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