KPMG Law has advised the shareholders of Barracuda Holding GmbH on the sale of 71% of the shares in the company to the CTS Eventim Group. The buyers were advised by CMS and Schoenherr.
The Barracuda Group is an Austria-based company specializing in concert and festival organization. It has organized major festivals including Frequency, Electric Love, and Nova Rock. CTS Eventim is a Munich-based provider in the ticketing and live entertainment sectors. With more than 3,000 employees, the company generated revenues of over EUR 1.2 billion in 2018.
KPMG Law's team was led by Partner Wendelin Ettmayer and included Partner Elisabeth Wasinger, Counsel Karin Bruchbacher, Senior Associate Stephanie Sauer, and Associate Pablo Essenther.
Schoenherr's team was led by Partner Franz Urlesberger.
CMS's team was led by Partner Clemens Grossmayer.