London, October 28, 2024 – KKR and CVC, two leading global investment firms, today announce that CVC has invested alongside KKR to support Superstruct Entertainment (“Superstruct”) in its next phase of development as one of the world’s premier live entertainment groups.
In June 2024, KKR announced the acquisition of Superstruct, which owns and operates over 80 music festivals across 10 countries in Europe and Australia. The transaction has now closed.
Since its inception in 2017, Superstruct has grown into one of the leading operators in the world of live entertainment. Superstruct owns some of Europe’s most renowned events such as Wacken Open Air, Defqon.1, Parookaville, Tinderbox, Zwarte Cross and Sónar.
With CVC coming on board, Superstruct gains another strong strategic partner to support the talented team who have led the company’s growth and success. The business will benefit from the combined global expertise, resources and capital of two leading investors with significant experience across the media and entertainment sector.
The investment positions Superstruct to accelerate its mission of creating best-in-class live experiences, working closely with entrepreneurs, creative visionaries and business-minded professionals. KKR and CVC will ensure that Superstruct remains at the forefront of the industry, driving innovation and setting the standards for live entertainment.
KKR brings extensive expertise in music, media, and entertainment through notable investments in companies such as BMG, ProSiebenSat1, GetYourGuide, Mediawan and Trainline. Similarly, CVC has a strong track record in the sector, with investments in Stage Entertainment, Formula One, Women’s Tennis and LaLiga, among others.