ESCHE advises FKP Scorpio in Acquisition of Nordic Live AS
FKP Scorpio, one of Europe’s leading festival and concert promoters, has acquired a majority stake in Nordic Live AS, Norway’s largest booking agency for independent music artists.
A team led by M&A partners Dr. Stephan Bauer and Eva Homborg as well as tax partner Wolfgang Sälzer advised FKP Scorpio in the transaction. The ESCHE team comprised associates Lara Bos (Corporate/M&A) and Franziska Karsten (Tax).
ESCHE cooperated in the transaction with Rime Advokater (lead: Harald Sætermo) and Atris (lead: Morten Agasøster) in Norway regarding the legal, tax and financial due diligence and the Norwegian legal and tax aspects of the transaction.
FKP Scorpio is one of the largest European organizers for tours, local concerts and festivals in Europe with subsidiaries all over Europe. Nordic Live was founded in 2017 and is Norways’s largest booking agency for independent music artists. Its domestic roster, including artists like Alan Walker, Ina Wroldsen and Gabrielle, did more than 1,000 shows in 2019, amounting to a total turnover of 80+ MNOK.
The former shareholders of Nordic Live will continue to run the combined Nordic Live / FKP Scorpio Norway business together with Stian Pride.