01 Dec Deal Announcement – TEG MJR Group

Integritas Advisory advised the senior management of the MJR and Propaganda divisions of the TEG MJR Group on the acquisition of the group by funds managed by Silver Lake from funds advised by Affinity Equity Partners.  The Integritas Advisory team comprised Mark Davis and Patricia Allen.

TEG is Asia Pacific’s leading live entertainment and ticketing company; the MJR Group is a UK-based event promoter and venue operator; and Propaganda is a leading UK club night brand.  The combined group was acquired by Silver Lake, the global leader in technology investing with over US$43billion in combined assets under management.

TEG was advised by Goldman Sachs and King & Wood Mallesons.  Silver Lake was advised by Latham & Watkins and Corrs Chambers Westgarth.

Mark Davis commented:

“We were pleased to work alongside the management team of MJR on this important stage in the development of the TEG MJR Group, with the introduction of Silver Lake as a new partner for the business, bringing significant technology experience and key global relationships.

This was the second complex management buy-out role we have completed in the last two months, demonstrating our commitment to and deep experience of advising on management rollovers, equity participation arrangements and tax structuring.”