January 13, 2017
Weil advised Providence Equity Partners in its strategic investment in Sziget Cultural Management, one of the largest festival organizers in the Central Eastern European region. Sziget’s current management will retain a significant equity stake in the company and will continue to lead management of the company and operations of all festivals in the portfolio – Sziget, Balaton Sound, Telekom VOLT festival, Gourmet Festival and Gyerek Sziget (Children’s Sziget). The investment from Providence Equity will help Sziget accelerate its growth, furthering the development of the Sziget festivals and supporting Sziget’s plan to take its festival brands global.
The Weil team included Marco Compagnoni, senior partner and Co-Head of the Firm’s International Private Equity Group, partner Simon Lyell, counsel Ivor Gwilliams, and associates Michael Kenny and Alexander Hasek, all based in London.