Oak View Group Completes Purchase Of Uk-Based Rhubarb Hospitality Collection

Jun 01, 2023•about 2 years ago

Acquiring Company

Oak View Group

Acquired Company

Rhubarb Hospitality Collection

Los Angeles

Description

Oak View Group (OVG), a global development, service, and investment company for the sports and live entertainment, and convention industries today announced the acquisition of Rhubarb Hospitality Collection (RHC), the world's premier high-end hospitality provider in one of the most significant catering industry transactions in decades.

Company Information

Company

Oak View Group

Location

London

Los Angeles, California, United States

About

Oak View Group operates more than 300 sports and live entertainment venues worldwide. The company provides venue management, service, and hospitality solutions. They focus on enhancing entertainment experiences in large venues. They are known for their strategic partnerships and innovative operations.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Oak View Group Completes Purchase Of Uk-Based Rhubarb Hospitality Collection

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Oak View Group Completes Purchase Of Uk-Based Rhubarb Hospitality Collection

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