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DLA Piper advises on sale of ID&T group to SFX Entertainment

22 Nov 2013

DLA Piper advised the shareholders of ID&T on the sale of ID&T group to SFX Entertainment. SFX Entertainment has bought 75 percent of ID&T, a Dutch festival promoter, for $102 million in cash and stock. The deal, perhaps the biggest in the market so far, will give SFX a major foothold on the global festival circuit as it tries to build a $1 billion media empire centered on dance.

ID&T is a privately held company launched in the early 1990's. For twenty years, ID&T has produced events in Europe and around the world welcoming every type of dance music fan to indoor and outdoor events. Among the brands in the ID&T family are Tomorrowland, Sensation and Q-Dance.

ID&T was advised by Barbara van Hussen, Sander Wiggers, Pieter Paul Terpstra, Simone Cuypers, Nicole Vreeman, Jeffrey Remy (Amsterdam) and Jonathan Klein, Nickie Cheney, Hariqbal Basi (New York).

Matter Type
M&A: Seller's Counsel
Industry
Other
News Category
M&A
Technology, Media & Telecoms