MANAMA: Investcorp, a Bahrain-based alternative investment manager, has signed an agreement to acquire Italy’s Ticket Holding (Vivaticket), a provider of ticketing software solutions to the leisure, culture and trade show industries.

Investcorp will acquire the company from co-founders Luca Montebugnoli and Luana Sabattini, P4P of Giuseppe Camillo Pilenga, Girefin Trust of Stefano Landi and Bravo Capital Partners SCA RAIF (BCP).

Vivaticket’s co-founders and management team will continue to remain involved in the business and hold a meaningful stake in the company.

The transaction is expected to close by year-end, subject to customary closing conditions.

Established in 1999, Vivaticket provides software solutions to address the full customer experience from ticket purchasing to on-site activities.

It has over 2,100 clients spanning 50 countries, including leading brands such as Walt Disney World, Musée du Louvre and FC Barcelona, amongst others.

Headquartered in Bologna, Italy, the company employs 450 people and has established operations in 10 countries across Europe, the Mena region, Latin America and Asia Pacific.

Investcorp’s European Private Equity group head Daniel Lopez-Cruz said: “Vivaticket is a formidable customer-oriented software solutions provider with an impressive and entrepreneurial management team.”

“As global demand for entertainment and experiential content continues to increase, Vivaticket is ideally positioned to capitalise on multiple growth opportunities that directly align with Investcorp’s investment expertise.

“We look forward to partnering with the Vivaticket team to support their international growth strategy, both organically and through add-on acquisitions to expand the company’s geographic footprint and further strengthen its presence in existing markets,” he added.

Luca Montebugnoli, co-founder of Vivaticket, said: “Investcorp is a distinguished and highly professional partner that will be able, together with the existing management team, to further accelerate the growth of Vivaticket with the aim of competing amongst the top three players globally.”

© Copyright 2019 www.gdnonline.com

 

Copyright 2019 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.