Superstruct, Broadwick divvy up Global festival portfolio

Less than four years after it snapped up much of the UK festival market, IQ understands that Global’s portfolio of summer events have been split up between Providence Equity Partners’ Superstruct Entertainment and former partner Broadwick Live.

While the former has taken control of Global Festivals Ltd, Broadwick is reportedly planning a management buyback of its shares from Global, according to several industry insiders.

While never publicly revealing figures, Global took a “significant strategic stake” in Broadwick in June 2015 that was further increased in October 2016. At the time, Broadwick’s portfolio included Snowbombing and Festival No. 6, and it later acquired stakes in Standon Calling, Glass Butter Beach and Lost Village.

Documents recently filed at Companies House state that Superstruct Entertainment Ltd became “a person…

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