The ticketing company that acquired Boiler Room may be on the block, according to published reports.
Lucas Shaw, writing for Bloomberg’s Screentime newsletter, reports that the London-based ticketing company DICE is in talks to sell a “significant” stake in the company. Private equity is in the lead.
Such a sale will value the overall business at hundreds of millions of dollars.
DICE has raised hundreds of millions from investors so far, at least one of which — Japanese equity giant Softbank is mentioned specifically — is seeking to cash out.
DICE acquired Boiler Room — also significantly funded by venture capital — in 2021.
Shaw reports that the “most notable” part of this rumor is the type of buyers that are lining up for a piece of DICE. “At least three of the interested parties are private equity firms,” Shaw writes, citing conversations with “a few people directly involved.”
The report is part of a broader trend of private equity companies investing in the live music sector, including KKR’s purchase of European promoter Superstruct and Blackstone acquiring a stake in Ambassador Theatre Group.
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