Superstruct backer acquires majority stake in Sónar

Providence Equity Partners – the US investment firm which has, through Superstruct Entertainment, recently invested in Sziget and Elrow – has acquired a majority stake in Advanced Music SL, the Barcelona-based company behind the Sónar festivals.

IQ understands Providence/Superstruct completed its majority acquisition of Advanced Music in early May, just over a month before Sónar Barcelona celebrated its best year to date, welcoming 126,000 people to the city for its 25th anniversary event.

Sónar was founded in 1994 by Ricard…

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