Nordhaven advised shareholders of Tuska Festival in a sale to Superstruct Entertainment

2 sept 2021

Nordhaven advised Tuska Festival and its shareholders in the sale of the company to Providence Equity backed Superstruct Entertainment. Tuska Festival is one of the leading urban open air metal festivals in Europe. Through the transaction, Nordhaven strengthens its position as the leading financial advisor in entertainment related M&A in the Nordic region. Nordhaven has provided sell-side advisory to Flow Festival in Finland as well as Øyafestivalen and Palmeus Festival in Norway.

During its 20 years of history Tuska Festival has developed into a strong brand with high international awareness within the metal genre. Through true commitment and differentiated offering to the metal genre fans, Tuska Festival has created a unique, large and loyal fan base both in Finland and abroad - annually the festival has more than 50.000 visits and around 50% of the visitors have visited the festival 4x or more times.

Superstruct Entertainment is the owner of a large portfolio of live music festivals across genres and geographies including Flow Festival and Tuska Festival in Finland. The company is backed by private equity firm Providence Equity Partners, which has $45 billion in assets under management.

Thank you Nordhaven! As a first-time company seller, I am impressed by the high value-add of your work. Irrespective of the massive Covid-19 impacts on our industry you were able to bring in all key industrial buyer candidates to an intelligently tailored and ran process with true competition. Working with you is highly professional and I highly appreciate all the laughs that we had together. We are also very satisfied with the financial outcome” says festival director Eeka Mäkynen.

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