Private equity giant acquires Superstruct stake
CVC has joined fellow global investment company KKR in investing in the leading promoter, which operates 80+ festivals across 10 countries
News By James Hanley | 28 October 2024
Private equity firm CVC has secured a stake in Superstruct Entertainment just weeks after KKR’s acquisition of the festival behemoth was given the green light.
Fellow global investment giant KKR, whose interests include music company BMG, acquired Superstruct from Providence for €1.3 billion in June – a deal that was approved by the European Commission last month.
Superstruct owns and operates over 80 music festivals across 10 countries in Europe and Australia, including Wacken Open Air, Parookaville, Tinderbox, Sónar, Øya, Benicàssim,…
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