TICKETHOUR EXIT (FOUNDERS DEAL, CREATED BROOKSTREET)
SECTOR
TMT
EXIT YEAR
2016
DATE
26-July-2016
BUYER
NASDAQ-Listed, Livenation Group (TicketMaster)
“We have secured an instrumental exit/deal for our company and the ecosystem. ”
Chairman & Founder, Tickethour
About Tickethour
Specialising in sports ticketing technology, Tickethour distributes over 8.5 million tickets per year on behalf of more than 65 clients. Founded in 2006 and led by Executive Chairman George Bolos, alongside CEO Stefanos Kakarantzas, the Tickethour team will continue to operate in Norway, the Netherlands, the UK, Cyprus, Greece and Belgium.
The acquisition further extends Ticketmaster’s worldwide lead in sports ticketing. Already the official ticketing provider for Premier League clubs such as Arsenal, Tottenham Hotspur and West Ham United, the Rugby Football Union as well as Wimbledon, Copa America, NFL, NBA, NHL, Ticketmaster also counts hundreds of professional and college sport teams as partners globally. Tickethour brings key clients to the Ticketmaster portfolio including the Olympiacos Football Club and the Onassis Culture Centre in Greece, the Belgian Proleague and the Belgian Proximus League, and other major football teams such as the Viking Football Club in Norway.
Advisors:
Papapolitis & Papapolitis (GR)
Christos Demetriades
EY (UK)
Grant Thornton
SKAI Read here
About Ticketmaster
Part of Live Nation Entertainment Group, headquartered in Beverly Hills California, and listed in NADSDAQ ($5.4bn market cap)
Mark Yovich, President of Ticketmaster Intl:
“Combining the talents of Tickethour with Ticketmaster will ensure the continued success of Ticketmaster’s sports business and will be a springboard to delivering events in new territories.” … “By working with teams, sports leagues, clubs and governing bodies we can leverage our reach to connect millions of sports fans with the events they love.”
Stefanos Kakarantzas, CEO of Tickethour:
“Joining the Ticketmaster and Live Nation Entertainment family is our biggest achievement to date. We look forward to working together to deliver a truly unique offering to the sports industry which combines unrivalled technology, service and experience and a dedication to deliver more events to more fans than ever before.”