Bluebox advises on the sale of Bovingdons Catering to Oak View Group

Bluebox has the pleasure of announcing the sale of Bovingdons Catering (“Bovingdons”), one of the UK’s leading catering and venue management operators, to Los Angeles based Oak View Group (“OVG”), one of the world’s leading sports and live entertainment companies looking to disrupt, develop and deliver the world’s best venues and experiences.

Under the ownership of Thwack Partners who acquired the business in 2017, Bovingdons has expanded significantly to service a portfolio of venues including Surrey’s Nonsuch Mansion, Fulham Palace, Grand Junction in Paddington and Westminster Abbey.

OVG was founded by veteran sports and entertainment executives Tim Leiweke and Hall of Famer, Irving Azoff. With backing from top-tier international investors, including Silver Lake Capital, OVG’s vision is to disrupt the live entertainment industry through the development of next-generation, sustainable arenas and stadia, including several locations in the UK.

OVG’s acquisition of Bovingdons adds a key premium catering capability to its UK hospitality strategy and will see Bovingdons continue to grow its site portfolio across the country in partnership with OVG.

 

Adam Karni-Cohen, Partner at Thwack Partners and Shareholder in Bovingdons commented:

“Bluebox managed an incredible process from start to finish and we would not have achieved this result without them both in terms of pricing and speed of transaction.  We were impressed with their ability to generate interest from a wide range of international counterparties, and they successfully negotiated a deal that met the objectives of all stakeholders, and I could not recommend them highly enough.”

 

Jonathan Rich, Director of Bluebox added:

“It was a pleasure working with Adam, Theo and the team at Bovingdons, and we are truly delighted to have executed a transaction which not only delivered against the objectives of the existing shareholders, but also places Bovingdons in the hands of a strategic acquirer who can take the business to the next level. We suspect a very bright future for the business and wish everyone involved, continued success.”


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