Danny Wimmer Presents Prepares for Acquisition Phase Following Yucaipa Investment

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North America's largest independent festival producer Danny Wimmer Presents is planning a new round to make a number of acquisitions this year after raising a significant investment round from Ron Burkle’s investment firm The Yucaipa Companies in exchange for a minority stake in the concert promotion company.

Atmosphere2 during the inaugural 2019 Hometown Rising Country Music & Bourbon Festival at Highland Festival Grounds at Kentucky Expo Center on Sept. 14, 2019 in Louisville, Ky.

DWP has already executed four term sheets for indie promoters and festivals, often the final step before lawyers for both sides hammer out a final agreement. Hayes says DWP is also looking to strengthen its country music business with several likely acquisitions in the near term, growing its portfolio beyond the seven US festivals the nine-year-old, LA-based company will produce in 2020.

"I see a lot of young Danny Wimmers out there and I'm very excited to be in business with young Danny Wimmers," Hayes said. "We are absolutely going to build the next generation. That is our focus."

 

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