A long -lasting scenery game for freeze ownership, which includes an influential magazine based in London, and several art fairs worldwide.
Hollywood Talent Agency’s primary company Andure Group Holdings has sold it to a new company formed by former Andor CEO Emmanuel. The deal is expected to be closed in the third quarter of this year, and the company was worth about $ 200 million. Financial times. (The terms of the agreement were not formally revealed. By January, Emmanuel allegedly collected 100 million Million for purchase.)
According to a release, the current leadership of Freeze, including CEO Simon Fox, will be in place in the new company.
In March, its owner, a private equity firm, Silver Lake, tried his best. He first started searching for sales last October. At this time and last month, the deal also includes two tennis tournaments, Miami Open and the Madrid Open. According to these two tournaments, the deal was worth more than $ 1 billion in April Bloomberg.
The purchase was facilitated by the investors’ consortium, including Apollo Global Management and Red Bird Capital Partners. The two tournaments are not involved in the deal, though they are still allegedly seeking to get them.
Under the leadership of Emmanuel, Andaver first got a shares in Freez in 2016. At that time, the festival had already worked two festivals in London and one in New York. Since the newly -owned model, he launched two new festivals in Los Angeles (2019) and Seoul (2022). Then, in 2023, he made headlines when he received two struggling American festivals, Expo Chicago and Armori Show in New York.
This news comes in an active moment for Freeze. The company has just closed the 12th edition of Expo Chicago on Sunday. On Wednesday, the company will open Freez New York in the shade. It is one of the festivals that will run all over the city simultaneously.
In a statement, Emmanuel said, “The refrigerator has always been an inspiration for both professional and personally. After working with the team for almost a decade, I have seen my desire to enhance my mission to enhance the power and understanding of my community.
