Star Live set for next stage with investment from LDC
5 Jun 2023
LDC is the ideal partner to support our business given their heritage, pedigree and proven track record for backing ambitious management teams. This investment signals the start of the next and most exciting chapter to date for Star Live."
The investment was led by Investment Director Mark Howden, Investment Manager Demetri Theofanou and Chris Handy, Partner and Head of West Midlands at LDC. Mark and Chris will join the board. As part of the investment, industry expert John Hornby, former Chief Operating Officer of the NEC Group, will join the Star Live board as Non-executive Chair.
Mark Howden, Investment Director at LDC, added: “Star Live has grown into a business that is synonymous with, and trusted by, world-famous events. The team’s ingenuity was on show to millions during the recent Coronation Concert, and preparations for a busy summer of festivals and sporting events are already in full swing. We’re excited to be partnering with Grahame, Simon and the team to support the next stage of Star Live’s growth journey.”
The investment continues LDC’s heritage of supporting the management teams operating in the events space to grow their businesses, including loudspeaker manufacturer Martin Audio, global B2B events specialist FC Business Intelligence and hospitality and leisure operator BOXPARK.
Star Live was advised by Regent Assay (corporate finance) and The Wilkes Partnership (legals).
LDC was advised by Freeths (legals), KPMG (financial and tax due diligence), Fairgrove (commercial due diligence), Clearwater International (corporate finance).