M&A Deal Summary

Vivid Seats Acquires Vegas.com

On November 7, 2023, Vivid Seats acquired e-commerce company Vegas.com from TZP Group for 240M USD

Acquisition Highlights
  • This is Vivid Seats’ 1st transaction in the E-Commerce sector.
  • This is Vivid Seats’ largest (disclosed) transaction.
  • This is Vivid Seats’ 2nd transaction in the United States.
  • This is Vivid Seats’ 1st transaction in Nevada.

M&A Deal Summary

Date 2023-11-07
Target Vegas.com
Sector E-Commerce
Buyer(s) Vivid Seats
Sellers(s) TZP Group
Deal Type Add-on Acquisition
Deal Value 240M USD
Advisor(s) J.P. Morgan Securities (Financial)
Brownstein (Legal)

Target

Vegas.com

Las Vegas, Nevada, United States
Vegas.com is a direct-to-consumer e-tailer of show tickets to over 200 shows in Las Vegas through www.vegas.com and www.lasvegas.com. The Company also offers travel and lodging bookings. Vegas.com was established in 1998 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Vivid Seats

Chicago, Illinois, United States

Category Company
Founded 2001
Sector Internet Software and Services
Employees768
Revenue 776M USD (2024)
DESCRIPTION

Vivid Seats is an online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Vivid Seats was founded in 2001 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 4
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Nevada M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-04 Wave Dash

Tokyo, Japan

Wavedash operates a secondary ticket marketplaces for live events, concerts, sports, theater, connecting sellers and buyers safely online. Wave Dash was founded in 2014 and is based in Tokyo, Japan.

Buy ¥10.9B

Seller(S) 1

SELLER

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York, New York.


DEAL STATS #
Overall 18 of 21
Sector: E-Commerce M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 9
State: Nevada M&A 1 of 1
Country: United States M&A 17 of 19
Year: 2023 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Trash Butler

Tampa, Florida, United States

Trash Butler is a doorstep valet trash and recycling amenity solution provider in the country, serving the multi-family apartment industry, student housing, and condo communities. They are a purpose-driven, values-based, socially conscious, tech-enabled, and results-obsessed enterprise that helps increase apartment asset NOI, and asset values and seeks to help make resident's and property management's lives easier. Trash Butler was founded in 2012 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-30 DanceOne

Los Angeles, California, United States

DanceOne is the premier producer of educational and competitive dance events and dance brands in the world. DanceOne was founded in 2023 and is based in Los Angeles, California.

Buy -