Asia-Pacific live entertainment and ticketing company TEG has entered into an agreement to be acquired by investment company Silver Lake from funds advised by Affinity Equity Partners (S) Pte Ltd and its affiliates. TEG’s senior management team, led by CEO Geoff Jones, will continue to lead the company and remain meaningful equity partners in the new ownership structure.
With over 40 years of experience in ticketing and live entertainment, TEG operates as the exclusive ticketing provider for over 135 venue and promoter clients and delivers 30 million tickets annually for over 30,000 events spanning live sports, concerts, theatre, festivals, and exhibitions across more than 13 countries.
"The team at Affinity have been great partners for us over the last four years and have helped us to continue to scale our business," said Jones in a release. "We are confident that Silver Lake is the right partner for the next stage of the company’s growth. Silver Lake brings us deep technology expertise as well as important global entertainment content and live events expertise and relationships which will help us to accelerate the growth of our platform globally."