Vivaticket is a global provider of integrated ticketing software solutions to the leisure and entertainment, sport, culture and tradeshow industries
Bahrain-based Investcorp has announced it has signed an agreement to acquire Ticket Holding, known as Vivaticket, from its co-founders.
Vivaticket’s co-founders and management team will continue to remain involved in the business and hold a meaningful stake in the company, Investcorp said, adding that the transaction is expected to close by year-end.
Established in 1999, Vivaticket is a global provider of integrated ticketing software solutions to the leisure and entertainment, sport, culture and tradeshow industries.
It has a presence with over 2,100 clients spanning 50 countries, including some of the world’s leading brands such as Walt Disney World, Musée du Louvre and FC Barcelona.
Headquartered in Bologna, Italy, the company employs 450 people and has established operations in 10 countries across Europe, the Middle East, North America, Latin America and Asia Pacific.
Daniel Lopez-Cruz, head of Investcorp’s European Private Equity group, 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.”
Luca Montebugnoli, co-founder of Vivaticket, added: “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.”For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.