Australian Live Entertainment Company TEG Acquires The MJR Group

TEG, the Australian business group that acquired Paul Dainty’s company and owns Aussie Ticketmaster-competitor Ticketek has acquired the MJR Group of Bristol, England.

The acquisition gives TEG a foothold in Europe where MJR Group promotes about 2,000 shows annually and owns and operates four venues including TramShed in Cardiff and The Mill in Birmingham. MJR have investments in six venues, and owns the Propaganda franchise, the U.K.’s biggest club night that stretches to Australia, America, Brazil and Ibiza with 25,000 people attending its parties each week.

“TEG is already Asia Pacific’s leading ticketing, live entertainment and technology business and this acquisition marks a significant step towards TEG becoming a global live entertainment powerhouse,” TEG chief executive Geoff Jones said in a press release. “The MJR Group is a great fit for TEG. It has strong management talent and a clever live entertainment model to which TEG can add ticketing, analytics and digital capability. The MJR Group also brings significant additions to our venue portfolio.”

Financial terms were not disclosed. 

 
The MJR Group’s three partners, chief executive and head of U.K. Richard Buck, head of Australia & New Zealand Scott Mesiti and head of U.K. venues and Propaganda Dan Ickowitz-Seidler will remain with the TEG group.
 
TEG will remain headquartered in Sydney, Australia and MJR Group’s U.K. operations are to be renamed TEG U.K.