Loyens & Loeff advised LiveStyle on the deal. Elvinger Hoss Prussen advised Providence Equity Partners.
LiveStyle, the largest global producer of live events and digital entertainment content focused on electronic music, completed the sale of ID&T to Superstruct.
The organiser of events such as Mysteryland and Awakenings comes into the hands of the British Superstruct Entertainment, the parent company behind major international festivals such as Sziget in Hungary and Wacken Open Air in Germany. Together, the parties involved in the transaction expect to be in a strong position when the festival market returns to normal next year and the years thereafter.
Superstruct Entertainment is backed by private equity firm Providence Equity Partners, which specializes in the media, communications, entertainment, software, and services industries.
The Loyens & Loeff team consists of Harmen Holtrop (Picture), Wouter Kros, Jaap Beens, Mayke Kamstra, Eline Viersen, Gearte Sijens, Casper Anneveld, Amit Havenaar, who gave advice on legal and tax matters of this deal.
The Elvinger Hoss Prussen team was led by partner Anna Hermelinski-Ayache, working in collaboration with associates Mateusz Glowacki, Charlène Mehn and Dariusz Ceran.
Involved fees earner: Dariusz Ceran – Elvinger Hoss Prussen; Mateusz Glowacki – Elvinger Hoss Prussen; Anna Hermelinski-Ayache – Elvinger Hoss Prussen; Charlène Mehn – Elvinger Hoss Prussen; Casper Anneveld – Loyens & Loeff; Jaap Beens – Loyens & Loeff; Amit Havenaar – Loyens & Loeff; Harmen Holtrop – Loyens & Loeff; Mayke Kamstra – Loyens & Loeff; Wouter Kros – Loyens & Loeff; Gearte Sijens – Loyens & Loeff; Eline Viersen – Loyens & Loeff;