
Superstruct Entertainment has acquired the live music event series Boiler Room in a deal with Boiler Room’s latest owner, ticket broker Dice. Terms of the deal have not been disclosed.
Superstruct, which operates dozens of large-scale festivals including Wacken Open Air and Sónar, was itself founded 8 years ago with funding from Providence Equity Partners. In June 2024, Superstruct was acquired by private equity giant KKR, the firm that first became famous during the junk bond-driven buyout mania of the 1980s.
As 5 Mag reported in July, private equity has been circling Dice for some time, though the reports over the summer indicated an interest in the ticketing platform itself. Dice acquired Boiler Room — which was significantly funded by venture capital — in 2021.
(If you’re a little confused, that’s understandable and maybe the point. Boiler Room, partly funded by venture capital, was purchased by Dice, which then sold it to Superstruct, which was funded by a private equity fund, and is now owned by a different private equity fund.)
The deal comes just one day after the US Department of Justice launched a $650 lawsuit against KKR over allegations of “improper premerger filings.” The DOJ alleges that KKR “repeatedly flouting the premerger antitrust review process” and that “KKR senior executives, deal teams and investment funds evaded antitrust scrutiny for at least 16 separate transactions.”
“House music all night long,” I suppose…

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