‘Eras Tour’ Logistics Team Bought for $1 Billion

‘Eras Tour’ Logistics Team Bought for $1 Billion

Photo by Paolo V via CC BY 2.0This story was originally published on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter.It’s a private equity love story, baby; just say “yes.” On Wednesday, The Wall Street Journal reported that Global Critical Logistics (GCL) — the live-events logistics firm that kept Taylor Swift’s historic…

Eras Tour logistics company sells majority for $1bn

Providence Equity Partners has acquired the majority stake in Global Critical Logistics (GCL), which provided support for Taylor Swift’s record-breaking Eras Tour, in a deal worth $1bn (£745m/€885m) according to the Wall Street Journal. While Providence becomes the majority shareholder of GCL, former majority owner ATL Partners will retain a minority equity stake in the company. GCL will continue to be led by president and chief executive Daniel…