Woodstock 50 secures new financial partner
"We believe in Woodstock as an important American cultural icon": investment bank, Oppenheimer, to help the Woodstock 50 team to complete financing for the festival
News By | 20 May 2019
The organisers of Woodstock 50 have announced that the festival has found a new financial advisor, in the form of New York-based investment bank and financial services firm Oppenheimer and Co.
The future of Michael Lang’s Woodstock anniversary festival has been shrouded in doubt since Lang lost the event’s original financial partner, Dentsu Aegis’ investment arm Amplifi Live, and its production partner, Superfly. Upon its withdrawal, Dentsu representatives announced the cancellation of the festival.
Event organisers say Oppenheimer will act as a “financial advisor to complete financing for the festival”. It is unclear whether the help from Oppenheimer constitutes the investment of capital or is limited to a purely advisory role.
Oppenheimer’s head of debt capital markets and syndication, John Tonelli, says the firm…
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