Blackstone boss Michael Blickstead was quick out of the gates at Silver Lake’s Australian ticketing and live entertainment business TEG.
The buyout giant’s been working on the deal for the best part of 12 months – well before Street Talk first flagged the potential deal in October. It had Goldman Sachs and King & Wood Mallesons help prepare an indicative offer last month and is known to be well-progressed in due diligence in the Jefferies Australia-run sale process.
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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 sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
