KKR-owned Superstruct Entertainment has received a significant investment from CVC Capital Partners, marking a major development in the live entertainment industry. This partnership aims to strengthen Superstruct's position as a premier live entertainment company.

Superstruct Entertainment, founded in 2017, operates over 80 festivals across 10 countries, including prominent events like Wacken Open Air and Tinderbox. The deal follows KKR's initial $1.4 billion acquisition of Superstruct in June.

Key Points of the Investment:

• CVC has invested alongside KKR (specific financial terms undisclosed)
• CVC manages over $200 billion in assets
• The partnership focuses on creating best-in-class live experiences
• Both firms will work with entrepreneurs and creative professionals to drive innovation

This investment comes amid significant activity in the live entertainment sector:

• CTS Eventim recently acquired Vivendi's ticketing and festival assets for $330 million
• Ticketing platforms like TickPick and Seat Unique have secured major investments
• Dice is exploring a potential sale valued at hundreds of millions
• StubHub continues to pursue a $16.5 billion IPO

The deal represents growing investor confidence in the live entertainment sector, despite challenges such as festival attendance concerns and the collapse of companies like Festicket.

Related Articles

Previous Articles