Officially, this is a search for growth capital with Grande Experiences management wanting to increase content, touring experiences and permanent attractions and owners following a capital injection to make it happen. Informally, tyrekickers believe founder Peterson might be tempted to sell if he receives a large enough offer.
An advisor paints a pretty picture
Luminis Partners presented a customary six-point pitch highlighting Grande Experiences’ position as a market leader, its “exceptional” content portfolio, its attractive and fast-growing global addressable market, its financial returns, its visibility on future income stream and its management team (who have growth options identified for the incoming investor).
Grande Experiences is best known as the Australian success story of Van Gogh Alive, documented by The Australian Financial Review‘s Chanticleer chronicle at the end of last year. She conceptualizes, designs and creates immersive and multi-sensory exhibitions and experiences based on art, nature, science and culture.
Once built, the company licenses the exhibits and experiences to a global network of entertainment promoters, museums, galleries, science centers, government organizations, and more, for a fixed fee or revenue share. .
Part of the pitch was an expected rebound in traffic to art galleries and the like after the COVID-19 pandemic.
It remains to be seen how the suitors appreciate it. Private equity firms and events companies were reportedly targeted. There are a host of offshore private equity firms with other entertainment industry assets.