Jefferies warms up PE funds for live events group TEG

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Investment bank Jefferies has started drumming up private equity interest in Silver Lake’s Australian born-and-bred ticketing and live entertainment business TEG, preparing potential buyers for a process due to play out in coming months.

Sources said Jefferies’ bankers were readying big global buyout funds for the upcoming auction, pitching it as a unique business worldwide and having grown its footprint significantly under Silver Lake’s watch.

TEG’s had an eventful few years in Silver Lake’s portfolio. The private equity sponsor carried TEG through the COVID-19 pandemic when concerts and other public events came to a sudden halt, heavily impacting the company’s revenue and earnings.

 

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