TEG, the Australian ticket, live content and touring company, has struck a deal to take over global live entertainment giant Dainty Group.
The two companies, which will now operate as TEG-DAINTY, explained that they want to “work together to bring the biggest and best music, entertainment and sporting events to Australia”. Financial details were not revealed.
TEG was last year bought by Affinity Equity Partners (AEP) and CEO Geoff Jones said that this latest deal will be part of a wider strategy of expansion through mergers and acquisitions.
“We are very excited about the potential for TEG-DAINTY, and TEG as a whole, now that we have one of the world’s leading promoters at the heart of our business,” Jones said.
“Since our acquisition by AEP in August last year, we have been able to take a fresh look at the integrated entertainment market in Australia and the Asia-Pacific region, and we have seen some great openings for TEG and our partner companies.
“The acquisition of the Dainty Group is one of our most critical acquisitions to date and we look forward to harnessing the knowledge, experience and expertise that Paul Dainty and his team will bring to our whole business.”
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