Monday, 17 January 2000
PLASA Publishing has learnt that VLPS (Europe) is to be sold to a European-based consortium. Although the move has not been officially confirmed by parent company Vari-Lite International Inc, VLPS Europe is understood to have all but completed the paperwork for a management buy-out backed by a venture capital company based in Sweden. A letter of intent is in place and confirmation of the deal is expected in the next few weeks. Vari-Lite Europe, together with Theatre Projects/Concert Productions and Brilliant Stages, became part of the Vari-Lite Inc Group in 1994 when the Samuelson Group sold off the companies. It later merged with Theatre Projects to form VLPS London.