While KKR and Blackstone may be baulking at the pricetag, there are other options on the table, including bringing in a minority investor.
No news might be usually good news but not when it comes to Ticketek, the ticketing giant put on the market by its owner, Silver Lake.
While every private equity firm under the sun has taken a look, only two are serious: Blackstone, which has had Goldman Sachs and KingWood Mallesons looking at TEG for months, and KKR, which has brought in Qantas Loyalty as a strategic partner and is advised by Jarden. The sales process is being run by Jefferies’ Michael Stock, who has plenty of experience negotiating difficult mega private equity deals. And there are other options on the table too, including bringing in a minority investor.That’s a path well worn by private equity owners, including TPG Capital which last year brought AustralianSuper and the Healthcare of Ontario Pension Plan into pets and vet business Greencross in a deal valuing it at more than $3.5 billion.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chasing the sun: where the cool kids are going to escape winter this yearPut the passport away: adventure, sun and discovery are waiting for you along one of Australia’s - and the world’s - most thrilling stretches of coast
Read more »
Sonja wants her elderly parents to join her in Australia. It's going to cost $100,000 and take 12 yearsThere are almost 140,000 people waiting for an Australian permanent parent visa, with wait times up to 40 years. But critics say there's a solution.
Read more »
Four Australians who went missing in Indonesian waters were going on a surfing trip. What's the lure of Aceh?For decades, surfers have been taking risky trips to hard-to-reach places across Indonesia looking for the ideal wave.
Read more »
Four Australians missing in Indonesia found alive, floating on surfboardsA family member confirmed to 9News that Steph Weisse, Will Teagle, Elliot Foote and Jordan Short were found alive after going missing when their boat ran into bad weather on Sunday night.
Read more »
Four Australians missing in Indonesia found alive, floating on surfboardsA family member confirmed to 9News that Steph Weisse, Will Teagle, Elliot Foote and Jordan Short were found alive after going missing when their boat ran into bad weather on Sunday night.
Read more »