IMAC exits Cream for £13.9m representing 9.1x return
9 May 2012
Ingenious Media Active Capital Ltd is pleased to announce that it has successfully sold its investment in Cream Holdings Limited (‘Cream’), a live events company based around the Cream electronic music brand. Cream owns and operates the hugely successful Creamfields UK festival, as well as licensed shows overseas and club nights in the UK and Ibiza. IMAC’s shareholding in Cream has been acquired by Live Nation Entertainment Inc. (‘Live Nation’) (NYSE: LYV).