Silver Lake's TEG offers banks golden ticket to sale, float

Daily News

It’s been a rollercoaster ride for Silver Lake since taking the keys, with the pandemic putting significant strain on the company which makes money from the sales of tickets, producing live entertainment and data analytics.

It sold a minority stake to Sydney private equity firm Mercury Capital soon after completing the deal.

TEG has overseen a bunch of acquisitions under Silver Lake’s ownership, including stakes in theatre company Michael Cassel Group and Laneway Festival. Silver Lake’s pitch was about growing the business in the Asia Pacific region and globally.

Bankers reckon TEG’s more likely to head down the sale route than pursue an ASX-listing, although it remains to be seen what market conditions will be like next year.

Silver Lake is a US-based private equity firm with offices in Silicon Valley, California and New York. Its other investments include Madison Square Garden, the Ultimate Fighting Championship (UFC), Dell Technologies, Alibaba Group and Endeavor.

Anthony Macdonald co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years’ experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at

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