M&A Deal Summary

KKR Acquires Superstruct

On June 21, 2024, private equity firm KKR acquired media company Superstruct from Providence Equity Partners

Acquisition Highlights
  • This is KKR’s 10th transaction in the Media sector.
  • This is KKR’s 24th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-06-21
Target Superstruct
Sector Media
Buyer(s) KKR
Sellers(s) Providence Equity Partners
Deal Type Secondary Buyout

Target

Superstruct

London, United Kingdom
Superstruct is a global platform of live music festivals and music events in Europe and Australia. Its well-diversified portfolio includes some of Europe’s most popular festivals and live event formats, among them Flow, Arenal Sound, Zwarte Cross, elrow, Victorious, Resurrection Fest and Lost Village, alongside established capabilities in brand partnerships, merchandise, staging and travel solutions. Superstruct was founded in 2017 and is based in London, England.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 443 of 448
Sector (Media) 10 of 10
Type (Secondary Buyout) 106 of 110
Country (United Kingdom) 24 of 24
Year (2024) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-30 Agiloft

Redwood City, California, United States

Agiloft is a provider of contract and commerce lifecycle management software to improve contract management for legal departments, procurement, and sales operation. Agiloft was founded in 1991 and is based in Redwood City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 Nasuni

Boston, Massachusetts, United States

Nasuni is a file data services company that helps organizations create a secure, file data cloud for digital transformation, global growth, and information insight. Nasuni was founded in 2009 and is based in Boston, Massachusetts.

Buy -

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 99 of 100
Sector (Media) 22 of 23
Type (Secondary Buyout) 30 of 31
Country (United Kingdom) 5 of 5
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Brandt Information Services

Tallahassee, Florida, United States

Brandt Information Services provides Software-as-a-Service recreational licensing solutions for local, state, and federal government agencies to administer the issuance of fishing, hunting, and other recreational licenses and permits. Brandt Information Services was founded in 1985 and is based in Tallahassee, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 TAIT

Lititz, Pennsylvania, United States

TAIT is a provider of advanced creative and engineering solutions to the live entertainment industry. It provides end-to-end solutions to design, construct, manufacture and operate custom-built concert touring and permanent installation experiences. TAIT was founded in 1978 and is based in Lititz, Pennsylvania.

Sell -
Mergr

Product

Company

Legal