DWF advises shareholder in sale of certain shares to Live Nation and Gaiety Investments

DWF LLP advised Kirsty Smith, a founding member of the Warehouse Project & Parklife Festival, in the recent sale of shares to Live Nation and Gaiety Investments.

The joint venture between live entertainment companies Live Nation and Gaiety Investments is now known as LIVE Nation-Gaiety and the new company now owns a substantial stake in The Warehouse Project and Parklife festival.

The Warehouse Project was founded in 2006 by Kirsty Smith, Sacha Lord-Marchionne and Sam Kandel in the disused Boddingtons Brewery, Manchester.

The Parklife Weekender music festival, which takes place in Heaton Park, was launched in 2009 by a consortium led by The Warehouse Project and Ground Control. This year’s line-up includes The Chemical Brothers, Major Lazer, Ice Cube, Busta Rhymes, Chase & Status and Bastille and over 140,000 people are due to attend the weekend event.

LIVE Nation-Gaiety has bought shares in the Manchester businesses for an undisclosed sum.

Darren Ormsby (Corporate) of DWF advised shareholder Kirsty Smith.

Darren, who led the deal, said “The Warehouse Project & Parklife have become Manchester institutions. We are pleased to have supported Kirsty on a great transaction.”

Darren Ormsby


I have a range of experience in a variety of corporate finance and private equity transactions, including MBOs and MBIs.