Nordhaven advised Øyafestivalen in the sale to Superstruct

10 aug 2018

Nordhaven Corporate Finance advised Øyafestivalen and its owners on the sale to and reinvestment in Superstruct Entertainment. Øyafestivalen is one of the largest festivals in Norway, established in 1999.

Superstruct Entertainment, led by CEO James Barton, is a live entertainment platform that owns and operates festivals and live music events under the name of Sziget, Sónar, Elrow and various others. The company is backed by private equity firm Providence Equity Partners, which has $58 billion in assets under management.

“We are happy to have been given the opportunity to become partners with Superstruct and join forces with them at this stage of their expansion, and are confident that our new position will allow us to promote Norwegian music through channels we would otherwise not have had access to while also boosting Oslo as a festival city” says Claes Olsen, booking-manager and co-owner of Øyafestivalen.

“We are delighted to be partnering with Øyafestivalen, one of Europe’s leading urban festivals and the leading festival in Norway. We look forward to welcoming their senior leaders to our management team and continuing to promote outstanding live music events” says James Barton, CEO of Superstruct.

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