A new advisory firm has been launched to support the operators of music festivals and live entertainment businesses in accessing specialist financial services.
Spotlight Advisors was launched yesterday (Wednesday) by UK-based leisure investor Edition Capital. The firm will help operators access services focused on outsourcing, consultancy, and mergers and acquisitions.
Led by Paul Bedford, Lisa Boden, Harry Heartfield and Adam Spence, Spotlight has already begun working with events such as Pub In The Park and entertainment giant Live Nation. Edition Capital was founded in 2015 and has raised and deployed some £75m (€86m/$92m) of capital into a number of sectors including live entertainment, hospitality and more, with investees such as Mainstage Festivals.
Following the launch, Spence said: “We are thrilled to introduce Spotlight Advisors, which is a natural extension of what we have spent decades doing: helping businesses in live entertainment to grow, strategise and crystallise value.
“We cater to any stage of a business’s lifecycle, helping operators achieve their goals and maximise success in a very dynamic UK market. Whether it’s acquisition, investment, restructuring, business planning, or outsourced financial management, Spotlight Advisors can help.”
The Spotlight team has previously worked with the likes of Live Nation-owned Cream Holdings, Hungarian music festival Sziget and London venue Alexandra Palace.