Crestline Investors ("Crestline") closed and funded a $122.5 million Senior Secured Credit Facility for TickPick, a leading mobile and online ticket marketplace. Crestline served as Administrative Agent, Collateral Agent, and Sole Lead Arranger for the transaction. The Senior Secured Credit Facility provided by Crestline will facilitate the acquisition of TickPick by Brighton Park Capital.
Headquartered in New York, NY, TickPick has carved out a prominent position in the live events ticketing industry. The platform connects consumers and professional sellers through its transparent pricing model and competitive take rates, offering users significant savings and upfront transparency compared to other market alternatives. TickPick distinguishes itself with an advanced mobile application and website, setting new standards for user experience in the sector.
"We are thrilled to support TickPick's growth trajectory with this financing," said Aaron Mack, Managing Director at Crestline. “Crestline looks forward to collaborating with TickPick and Brighton Park Capital to further enhance TickPick's leadership in the ticket marketplace”. Michael Bullard, Managing Director at Crestline, added "TickPick's technology and market-leading transparent pricing has given TickPick strong momentum which we expect will continue to resonate with consumers in the future.”
"Brighton Park Capital is proud to partner with Crestline and support TickPick's continued success. This financing underscores our confidence in TickPick's business model and growth prospects," said Kevin Magan, Partner at Brighton Park Capital.
About Crestline Investors
Crestline Investors, Inc is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The Firm has approximately $18 billion in assets under management (as of December 31, 2023), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com [crestlineinvestors.com].
About Brighton Park Capital
Brighton Park Capital is a Greenwich, Conn.-based investment firm focused on entrepreneur-led, growth-stage software, marketplace, healthcare, and tech-enabled services companies. The firm invests in companies that provide highly innovative solutions in partnership with great management teams. Brighton Park brings purpose-built, value-add capabilities that match the unique requirements of each of its companies. For more information about Brighton Park Capital, please visit www.bpc.com [bpc.com].
About TickPick
No Fees. More Savings. Among the fastest growing technology companies, TickPick is reshaping the ticket marketplace industry, putting money back in the wallets of live event-goers. Since our inception, we have saved our customers over $180 million in service fees alone. TickPick's BestPrice Guarantee backs up our promise to deliver better prices than their competition. For more information, visit tickpick.com [tickpick.com].
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorised and regulated by the Financial Conduct Authority (FCA). The material is not intended to be a formal research report and nothing in this presentation should be interpreted to state or imply that past results are an indication of future performance. Any opinions expressed herein are our current opinions only. There can be no assurance or guarantee that Crestline's investment strategy will achieve its stated goal. All information provided in this presentation is for informational purposes only Crestline accepts no liability for loss arising from the use of this material. In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FP Order”); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons.
