M&A Deal Summary

Live Nation Acquires Groot Hospitality

On October 21, 2019, Live Nation acquired leisure company Groot Hospitality

Acquisition Highlights
  • This is Live Nation’s 3rd transaction in the Leisure sector.
  • This is Live Nation’s 17th transaction in the United States.
  • This is Live Nation’s 2nd transaction in Florida.

M&A Deal Summary
Date 2019-10-21
Target Groot Hospitality
Sector Leisure
Buyer(s) Live Nation
Deal Type Add-on Acquisition

Target

Groot Hospitality

Miami Beach, Florida, United States
Groot Hospitality is a provider of dining, entertainment and hospitality services. Groot Hospitality’s portfolio brand includes LIV (2009), Story (2012), Komodo (2015), OTL (2017), Swan & Bar Bevy (2018) & Papi Steak (2019). Groot Hospitality was founded in 2018 and is based in Miami Beach, Florida.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Live Nation

Beverly Hills, California, United States
Category Company
Founded 2005
Sector Media
Employees14,700
Revenue 22.7B USD (2023)
DESCRIPTION
Entrance to Live Nation's headquarters in Beverly Hills, California.
Entrance to Live Nation's headquarters in Beverly Hills, California.

Live Nation is a live entertainment company. Live Nation produces live music concerts; owns, operates, has exclusive booking rights for or has an equity interest in 148 venues, including House of Blues music venues and locations such as The Fillmore in San Francisco, the Hollywood Palladium, the Ziggo Dome in Amsterdam and The O2 Dublin; provides ticketing sales and marketing services; and provides artist management services. Live Nation was formed in 2005 and is based in Beverly Hills, California.

DEAL STATS #
Overall 42 of 44
Sector (Leisure) 3 of 3
Type (Add-on Acquisition) 36 of 37
State (Florida) 2 of 2
Country (United States) 17 of 17
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 OCESA Entretenimiento

Mexico

OCESA Entretenimiento is an entertainment promoter in Latin America and owner of Ticketmaster Mexico. OCESA promotes more than 3,100 events for nearly 6 million fans annually across Mexico and Colombia and has a robust business portfolio in ticketing, sponsorship, food & beverage, merchandise, and venue operation with 14 premier venues across Mexico with a collective capacity of nearly 250,000 seats.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-13 DG Medios

Santiago, Chile

DG Medios is one of Chile's top independent concert promoters. DG Medios has a sizeable presence in the country, having sold more than 330,000 tickets in 2018 alone.

Buy -
Mergr

Product

Company

Legal