Edition announces the launch of entertainment focused EIS

Following the recent announcement of the successful sale of Impresario Festivals plc’s festival portfolio to the media and entertainment group Global, we have announced the details of ‘First Edition EIS’, an investment fund that aims to provide growth support for businesses in the media and entertainment sectors. The fund will focus on the live entertainment, television, venues and immersive media sectors, building upon the expertise of the Edition Capital team.

The fund will span both profitable and pre-profit businesses, from the roll out of existing established concepts through to the creation of new assets in the many promising areas of the media and entertainment fields.

First Edition EIS presents both investors and investee companies with an exciting proposition. For investors the fund offers access to fast growing, scalable media and entertainment opportunities. For investee companies, Edition provides capital to creative businesses that have often struggled to secure funding, along with hands-on operational and strategic support to assist them in the next growth phase of their development.

You can read more on our announcement here. If you'd like to learn more about the Edition opportunities, then please get in touch.

The Edition Team

Intelligent Partnership release the EIS industry report 2016/17

Intelligent Partnership have released their EIS industry report 2016/17 that identifies positive changes in the EIS sector that Edition Capital are well positioned to take advantage of:

  • Media and entertainment remains one of the most popular sectors to receive investment through the EIS scheme
  • Almost three in four advisers see their use of EIS increasing over the next two years
  • A growing number of advisers are prioritising EIS qualifying opportunities that focus on growth, in line with 'growth and development' rules

Due to the changes in EIS legislation in 2015, the report acknowledges that there are less EIS products available and coupled with restrictions to other tax efficient investments, it is likely that EIS demand will outstrip supply this year.

Should you wish to find out more about the First Edition EIS please click here.

If you would like to read the full report, please click here.

The Edition Team

Edition announce partnership to acquire international music festivals

Edition are happy to announce that they have entered into a partnership with Providence Equity Partners, one of the world’s leading private equity firms, and James Barton, Founder of Cream and former President of Electronic Music for Live Nation, to identify, acquire and manage a portfolio of exceptional music festivals across the globe.

The first deal was announced on Friday 13th January as Sziget Cultural Management, a group encompassing the Sziget, Balaton Sound & Volt festivals in Hungary.

The Edition team are excited to work with Providence, James & the Sziget team to take the Sziget brands across the globe.

Read more about it here

The Edition Team

 

Read our musings on investing in live entertainment at Festival Insights

Lisa, one of the Edition partners, was recently asked to write a piece for Festival Insights on what we think are the key things investors are looking for in the live entertainment sector.

It’s a subject that we are very happy to opine on as there are many live entertainment businesses in the UK who could greatly benefit from investment, but don't know where to begin to seek it and to make themselves 'investable.' We hope we’ve helped with our musings, and we're very happy to discuss more in person.

You can read the article here.

The Edition Team

Impresario sells festival assets to Global

On Wednesday 5th October, Impresario Festivals plc announced the sale of its festivals assets to media and entertainment group Global, a sale in which the Edition team played a critical role. The sale equates to a doubling of shareholder value in less than four years.

Since its launch in 2012, Impresario has grown by acquiring some of the UK’s leading festival brands including Field Day, Boardmasters, South West Four Weekender and Rewind. The festivals being sold attracted a combined audience of 350,000 within the UK this year and have featured artists as varied as The Chemical Brothers, James Bay, PJ Harvey and Rick Astley.

The Edition Team

Bestival

We’re pleased to announce that we are now working with Bestival and its sister events including Camp Bestival and Common People. Edition are providing strategic advice to the group, guiding the festivals through the next stage of their lives.

Bestival is one of the UK’s best loved festivals and has won a host of industry and fan awards including best medium-sized or major festival at the UK Festival Awards in eight out of the last thirteen years. In recent years its featured acts as diverse as Bastille, Beck, Stevie Wonder, Florence + the Machine and Snoop Dogg. We’re excited to work with the iconic brands and to share our expertise and vision.

The Edition Team