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- Tasks: Guide a major ticketing company through an exciting acquisition process.
- Company: Join a leading ticketing platform known for major festivals.
- Benefits: Gain valuable experience in corporate law and strategic business growth.
- Why this job: Be part of a transformative journey in the ticketing industry.
- Qualifications: Strong understanding of corporate law and excellent communication skills.
- Other info: Opportunity to work with industry leaders and drive innovation.
The predicted salary is between 36000 - 60000 £ per year.
A ticket to success: Guiding TicketSellers through their acquisition by Citizen Ticket. Reflecting a well-planned and executed strategy, leading ticketing and event management platforms, TicketSellers and its subsidiary Eventree were acquired by Citizen Ticket in a multiple seven-figure deal.
TicketSellers, known for servicing major festivals such as Glastonbury, Shambala, and Nozstock, decided to explore the prospect of a sale within 3-5 years. To achieve this goal, its directors brought on Phil Hayes as Chief Executive Officer, who initiated the sales process by engaging with various investment firms and brokers – it was during this process that Citizen Ticket, also a premium ticketing and booking platform, recognised an opportunity to expand its offering and approached them about buying the company. Both teams instantly clicked, and TicketSellers and Eventree were subsequently acquired by Citizen Ticket in April 2024.
Like most businesses looking to sell, TicketSellers needed trusted legal advisors with seller experience by their side. They turned to Matt Shakesheff, Partner in our Corporate Team along with Senior Corporate Solicitor, Jenni Ferguson, who guided them through every step of the acquisition process, including:
- Preparation and Due Diligence: We conducted thorough due diligence, prepared all necessary legal documentation, and ensured TicketSellers were sale-ready.
- Share Purchase Agreement: We crafted a water-tight share purchase agreement, ensuring all terms were clearly defined and in the best interest of TicketSellers.
- Consideration Shares: Since part of the price was paid via consideration shares in Citizen Ticket, we advised on terms relating to these shares, protecting TicketSellers as minority shareholders.
In addition to acquisition support, Ian Fraser, Partner in our Employee Share Schemes Team, assisted TicketSellers with growth share plans to incentivise and reward their staff.
Commenting on what it was like working with our team, Phil Hayes, CEO, adds: I really appreciated that they were both quick on their feet when it came to presenting documents to the other side. Jenni was great at explaining the implications and highlighting risk factors of various technical aspects in a clear and concise manner. It was clear that Matt, Jenni and Ian were there to protect our best interests from day one.
Now, post-acquisition, Phil and the TicketSellers team are focused on integrating services with Citizen Ticket and exploring international expansion for Eventree. The directors of TicketSellers will transition to new roles within Citizen Ticket, leveraging their expertise to drive the combined company's growth and innovation. The collaboration will foster innovation and improve the overall customer experience.
Phil emphasises the importance of finding a law firm that understands your business and long-term goals. This relationship is crucial for saving time and money and ensuring your best interests are protected throughout the acquisition process. He advises: When you’re looking for a law firm that’s going to be representing you, make sure you gel with them. It’s really important that they have a thorough understanding of what your business does, and what you’re trying to achieve – in the long-term, it’ll save you time and money. Also, it’s essential that before you kickstart a process of this kind, you know what you want to get out of the deal, whether that’s understanding that you want to take a step back from your business or being prepared to work with the new owners of your business. It’s about identifying whether the risk outweighs the reward. Harper James helped us with all of this and more.
Strategic Guide to a Major Ticketing Company Acquisition in Cardiff employer: Harperjames
Contact Detail:
Harperjames Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Strategic Guide to a Major Ticketing Company Acquisition in Cardiff
✨Tip Number 1
Networking is key! Get out there and connect with people in the industry. Attend events, join online forums, and don’t be shy about reaching out to potential employers on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews like a pro! Research the company inside out, understand their values, and think about how your skills align with their goals. We want you to walk into that interview room feeling confident and ready to impress!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. It’s a simple gesture that keeps you fresh in their minds, and we all love a bit of extra attention, right?
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We think you need these skills to ace Strategic Guide to a Major Ticketing Company Acquisition in Cardiff
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your application for the role. Highlight your relevant experience and skills that align with what we're looking for at StudySmarter. A personal touch goes a long way!
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How to prepare for a job interview at Harperjames
✨Know Your Stuff
Before the interview, make sure you thoroughly understand the ticketing industry and the specifics of the acquisition process. Familiarise yourself with key players like TicketSellers and Citizen Ticket, and be ready to discuss how your skills can contribute to their goals.
✨Showcase Your Experience
Prepare examples from your past work that demonstrate your ability to handle similar situations, especially in acquisitions or strategic planning. Highlight any experience you have with legal documentation or due diligence processes, as these are crucial in this role.
✨Ask Insightful Questions
During the interview, don’t hesitate to ask questions that show your interest in the company’s future. Inquire about their integration plans post-acquisition or how they envision the growth of Eventree. This shows you’re thinking strategically and are invested in their success.
✨Be Yourself
While it’s important to be professional, let your personality shine through. The team at TicketSellers valued a good rapport, so being genuine and relatable can help you connect with the interviewers and demonstrate that you’d fit well within their culture.