Private equity giant acquires Superstruct stake

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, Kendal Calling and Boardmasters. It was founded in 2017 by Creamfields founder and former Live Nation president of electronic music James Barton and Roderik Schlosser while at Providence.

Details of CVC’s stake have not been disclosed, but it has made past investments in musical and theatre…

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