The American private equity firm Province Equity Partners has acquired a majority stake in Øyafestivalen through its portfolio company Superstruct Entertainment. Øyafestivalen, one of the biggest festivals in Norway and will be the fourth added festival brand to Superstruct’s expanding roster of European events. The bottom line of the Øyafestivalen fell to NOK 1.90m in 2017, from NOK 2.81m the year before. The purchase price and exact stake size are currently unknown.
