Photo: Stureplansgruppen

Fylgia, primarily through Åsa Thorell Hejdenberg and Victor Holmberg, has assisted Stureplansgruppen in the sale of the majority of Stureplansgruppen Live’s (SPG Live) festival and concert operations, including the Summerburst and Lights festivals and other concerts within the EDM segment. The buyer of the festival and concert business is Live Nation, the world’s largest concert and event promoter.

Stureplansgruppen is one of Sweden’s largest privately owned companies in the hospitality sector, with a turnover of SEK 1.2 billion. The group’s business areas include hotels, restaurants, entertainment, conferences, and events. As a festival and concert organiser, Stureplansgruppen Live has in recent years established a strong position in the EDM segment and is behind Summerburst in Stockholm and Gothenburg, Lights in Stockholm, and numerous other concerts across Sweden.