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Announced

Clearlake Capital-backed VictoryLive to acquire Ticket Evolution.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Minority

online platform

ticket distribution

Single Bidder

Online and Social Platforms

United States

Acquisition

Private Equity

Friendly

Pending

Private

Synopsis

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Clearlake Capital-backed VictoryLive, an event management and ticketing technology platform, agreed to acquire Ticket Evolution, an open ticket distribution platform. Financial terms were not disclosed. "Sam's relationships with rightsholders and resellers combined with Clearlake's access to capital and sector expertise provide levers to drive accelerated growth at Ticket Evolution. We believe in the Company and our strategy, and we are excited to bring onboard partners who back that strategy. We are looking forward to investing in product development at the combined platform given the complementary nature of our technology and industry relationships," Curtis Cheng, Ticket Evolution CEO.

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