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Pollen turns to Goldman Sachs and Kroll in search for buyer – report

Events start-up Pollen is reportedly trying to find a buyer, and has turned to investment banking company Goldman Sachs and restructuring firm Kroll to aid its search.

According to a report from Sky News, Pollen has turned to the companies to help salvage its future. However, one source said that Kroll’s involvement was solely surrounding the company’s student travel arm.

Despite unveiling a $150m (£124m/€146m) funding round in April, the news follows a turbulent few months for the company, as it laid off over 150 employees and missed its June payroll.

Pollen was founded in 2014 by brothers Callum and Liam Negus-Fancey and sells travel experiences incorporating live events. The company has worked with artists such as Duran Duran and Justin Bieber, and live music event promoters like Live Nation and Electric Zoo to create packages.

According to the report, it is unclear what valuation Pollen could attract. It has major backers from the world of venture capital investing, including Northzone and hedge fund, Lansdowne Partners.

Image: Jordon Conner on Unsplash