KKR, a prominent global investment firm, has announced the acquisition of Superstruct Entertainment from Providence Equity Partners, a leading private equity firm. Superstruct, a major European live entertainment group, organizes over 80 music festivals across Europe and Australia. Under Providence’s ownership since 2017, Superstruct has significantly expanded both organically and through acquisitions. Despite the undisclosed financial terms, Providence retains an option to reinvest $250 million into Superstruct. This acquisition aligns with KKR’s strategy to support innovative and entrepreneurial live entertainment businesses and leverage its extensive European operational experience and network to drive further growth. Financial advisors in the transaction include Goldman Sachs and Kirkland & Ellis for KKR, and HSBC, LionTree, and White & Case for Providence.

Private Equity, Live Entertainment, Investment Management,Europe, Australia, United States

https://www.provequity.com/news/providence-announces-sale-superstruct-entertainment