M&A Deal Summary

Providence Equity Partners Acquires Sziget Festival

On January 13, 2017, private equity firm Providence Equity Partners acquired leisure company Sziget Festival

Acquisition Highlights
  • This is Providence Equity Partners’ 2nd transaction in the Leisure sector.
  • This is Providence Equity Partners’ 1st transaction in Hungary.

M&A Deal Summary

Date 2017-01-13
Target Sziget Festival
Sector Leisure
Buyer(s) Providence Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Sziget Festival

Budapest, Hungary
Sziget Festival is a provider of music and cultural festivals in Europe. Sziget Festival was formed in 1993 and is based in Budapest, Hungary.

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Buyer(S) 1

Buyer

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 96 of 137
Sector: Leisure M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 21 of 23
Country: Hungary M&A 1 of 1
Year: 2017 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-13 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 EZLinks

Chicago, Illinois, United States

EZLinks is a software and service suite tailored for golf and includes: tee sheet, point of sale, 24/7 reservation center, online booking engines, marketing services, 24/7 support. EZLinks was founded in 2015 and is based in Chicago, Illinois.

Buy -