M&A Deal Summary

Affinity Equity Partners Acquires TEG

On April 16, 2015, private equity firm Affinity Equity Partners acquired internet software and services company TEG from Nine Entertainment for 640M USD

Acquisition Highlights
  • This is Affinity Equity Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Affinity Equity Partners’ 2nd largest (disclosed) transaction.
  • This is Affinity Equity Partners’ 3rd transaction in Australia.
Investment Fate
  • TEG was sold to a consortium of financial buyers in 2019.

M&A Deal Summary
Date 2015-04-16
Target TEG
Sector Internet Software and Services
Buyer(s) Affinity Equity Partners
Sellers(s) Nine Entertainment
Deal Type Divestiture
Deal Value 640M USD

Target

TEG

Sydney, Australia
TEG is a live entertainment and ticketing company that operates as the exclusive ticketing provider for over 135 venue and promoter clients and delivers 30 million tickets annually for over 30,000 events spanning live sports, concerts, theatre, festivals, and exhibitions across more than 13 countries. TEG is based in Sydney, New South Wales.

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Buyer(S) 1

Buyer

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.

DEAL STATS #
Overall 24 of 46
Sector (Internet Software and Services) 1 of 3
Type (Divestiture) 3 of 6
Country (Australia) 3 of 5
Year (2015) 1 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-04 Primo Group Holdings Pty

Adelaide, Australia

Primo Group Holdings is a australia's largest meat processor.

Sell AU$1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Island Hospital

Penang, Malaysia

Island Hospital provides an optimal healthcare service through our dedicated professional workforce, and state-of-the-art medical facilities. Island Hospital was founded in 1996 and is based in Penang, Malaysia.

Buy -

Seller(S) 1

SELLER

Nine Entertainment

North Sydney, Australia
Category Company
Founded 1956
Sector Media
Employees2,369
Revenue 2.7B USD (2023)
DESCRIPTION

Nine Entertainment is an integrated media group with assets in free-to-air (FTA) TV, magazines, the internet and entertainment. The investment in more traditional media displays lower growth, yet the exposure to new media via the online investments provides good growth exposure. Nine Entertainment was founded in 1956 and is based in North Sydney, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 CarAdvice.com

McMahons Point, Australia

CarAdvice.com.au Pty Ltd. is a publisher of online automotive editorial content in Australia. CarAdvice.com is where Australians turn to for the most comprehensive independent editorial reviews of new cars. With a unique monthly audience of over 619,000*, CarAdvice is Australia’s largest independent automotive content publisher.

Buy -
Mergr

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