We have advised Finnish Metal Events Oy, organiser of the Tuska Festival, and its owners on the partial sale of the Tuska Festival to Superstruct Entertainment, a portfolio company of Providence Equity Partners. Tuska, established in 1998, is one of the largest metal festivals in the Nordic countries. The festival is held annually on the last weekend of June on the unique post-industrial Suvilahti site in central Helsinki.
The acquisition will ensure Tuska is able to further improve the existing event and simultaneously collaborate with a chain of quality events. Through the transaction, Clearwater strengthens its position as the leading financial adviser in live music festival M&A in the Nordic region. Earlier, Clearwater advised the owners of the Flow Festival in Finland.
