Speechly Bircham advises FF&P Private Equity on its investment in ticketscript
3 June 2014
This article was written prior to the formation of Charles Russell Speechlys, through the merger between Charles Russell and Speechly Bircham.
Speechly Bircham has acted as the legal adviser to FF&P Private Equity, the private equity business of Fleming Family & Partners, on its £7 million investment in ticketscript, Europe's leading digital self-ticketing solution.
Ticketscript have offices in London, Amsterdam, Antwerp, Barcelona and Berlin and, since its launch in 2006, it has worked with over 70,000 events across Europe, and sold over 11 million tickets for its clients.
FF&P Private Equity's investment in the business will enable ticketscript to continue its international expansion and the development of new services, to ensure its clients continue to receive a cutting-edge self-service ticketing solution.
Llewellyn John of FF&P Private Equity said "We are very excited to have invested in ticketscript as a truly disruptive service provider in the pan-European ticketing market, and back the management's ambitions to substantially grow their market-leading proposition. With a pan-European presence and intellectual property considerations the transaction had a number of complexities which Speechly Bircham dealt with very practically; we have yet again been impressed with the quality of their advice and the dedication of the private equity team and we would like to thank Malcolm MacDougall and his team for all their hard work in completing the transaction."
Commenting on the transaction, Malcolm MacDougall, head of private equity at Speechly Bircham, said: "We are delighted to have acted on our fifth transaction for FF&P Private Equity. It was a pleasure working with Llew and the team as well as the ticketscript team on this important step in the development of the business."
The Speechlys team was led by head of private equity Malcolm MacDougall, private equity partner Adam Crossley, alongside private equity assistant Lucy Scott and trainee Will Harwood. Teams from tax, IP/IT and employment were also involved in the transaction.