Parcom to offload See Tickets for £120m
The auction process for Parcom Capital-owned ticketing company See Tickets has now reached a second round of bidding, according to media reports.
The business – which could fetch between £100-120m – attracted the interest of trade buyers including ticketing company CTS Eventim, event organiser Anschutz Entertainment Group and Exponent-owned Ambassador Theatre Group. Private equity players are also believed to be in the running for See Tickets.
Parcom acquired a majority stake in See Tickets in 2008 for an undisclosed amount. The Amsterdam-based company was founded in 1990 and is active in the Netherlands, Spain and the UK.
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