Star Live secures investment for future growth
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Star Live was responsible for the bespoke stage, grandstand seats and Royal Box at last month’s Coronation Concert. The company has delivered other major projects at events including the 2020 Olympics in Tokyo, the 2022 Commonwealth Games in Birmingham, BST Hyde Park and the Platinum Jubilee, along with stadium tours by acts such as Adele.
The business is enjoying considerable growth, having increased revenues by more than 30% in the last year alone to reach over £24m. It has also secured major projects both in the UK and internationally, including the Wimbledon Tennis Championships and the 2023 Ryder Cup in Italy, alongside a multitude of major sporting, cultural and entertainment projects.
The investment will support the next stage of Star Live’s ambitious growth journey, including further overseas expansion as well as investing in its people, brand, facilities and inventory of equipment.
Grahame Muir, CEO at Star Live, said: “This investment from LDC capitalises on multiple recent wins including the Ryder Cup and Wimbledon, and will supercharge the business for growth. LDC is the ideal partner to support our business given their heritage, pedigree and proven track record for backing ambitious management teams. This investment signals the start of the next and most exciting chapter to date for Star Live."
As part of the investment, industry expert John Hornby, former chief operating officer of the NEC Group, will join the Star Live board as non-executive chair.
Mark Howden, investment director at LDC, added: “Star Live has grown into a business that is synonymous with, and trusted by, world-famous events. The team’s ingenuity was on show to millions during the recent Coronation Concert, and preparations for a busy summer of festivals and sporting events are already in full swing. We’re excited to be partnering with Grahame, Simon and the team to support the next stage of Star Live’s growth journey.”
