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Nordhaven advised Flow Festival in the partial sale to Superstruct

4 dec 2018

Nordhaven Corporate Finance advised Flow Festival and its owners in the partial sale to Superstruct Entertainment. Through the transaction, Nordhaven strengthens its position as the leading financial advisor in live music festival M&A in the Nordic region. Earlier in 2018, Nordhaven advised Øyafestivalen in Norway on its sale, also to Superstruct.

“Given the accelerating global competition, we want to ensure Flow is able to offer the highest-quality experience. By partnering with Superstruct, we will be able to not only improve our existing event in Finland – including continued development of the Suvilahti event area – but simultaneously collaborate with a chain of quality events. Nordhaven’s team played a key role throughout the process which raised a lot of interest both within the Nordic region and internationally. Nordhaven generated significant value added to us through their high professionalism and strong commitment” says Tuomas Kallio, Chairman of Board and Artistic Director at Flow Festival.

“This is a great development for Superstruct and consistent with our strategy of partnering with outstanding live music and arts festivals in Europe. We have been big fans of the Flow Festival for a number of years now and look forward to supporting the experienced management team solidify its market-leading position in Finland” says James Barton, CEO of Superstruct.

Flow Festival, established in 2004, is the leading Nordic urban festival with 84,000 attendants in 2018. The festival is held annually on the second weekend of August on the unique post-industrial Suvilahti site in central Helsinki.

Superstruct Entertainment is a live entertainment platform that owns and operates festivals and live music events under well-known brands such as Sziget, Sónar, Elrow and Øya. The company is backed by private equity firm Providence Equity Partners, which has $58 billion in assets under management.

 

For further information, please contact:

Tommi Walther, +358 40 501 9975, tommi.walther@nordhaven.com

Niko Piiparinen, +358 40 752 2333, niko.piiparinen@nordhaven.com

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