Sydney, Australia — Brendon Bainbridge leaves TEG after 17 years. Live entertainment, ticket sales, activities in Asia of the digital and data giant.
Bainbridge “has been an asset to TEG from day one and I would like to personally thank him for his friendship, commitment, loyalty and hard work in launching TEG in Asia,” said TEG CEO. said in a statement announcing the move.
During his six-year tenure as Managing Director of Asia, “Brendon has grown our business in the region, leading the entertainment and ticket industry through the most challenging period of recent times, the pandemic, and has positioned TEG Asia to take advantage of the wealth of opportunities. We’ve positioned it so that it can be done in the region,” Jones adds.
Prior to moving to Singapore, Bainbridge was Managing Director of Ticketek New Zealand for 11 years.
Bainbridge left the company to live in Colorado, according to the company, and TEG is working on opportunities for Bainbridge to continue working for the company after the move.
His successor at TEG will be Timothy Ho, who has been appointed Managing Director of Asia and has worked closely with Bainbridge over the last year to ensure a “seamless transition of our business in the region.” Jones speaks enthusiastically.
The incoming chief had 15 years of experience in live entertainment and ticket sales before joining TEG, and “stepping into that role was the obvious choice,” says Sydney-based Jones.
“The region is at the forefront of all major discussions around live entertainment and ticketing,” Ho said. It’s a great opportunity,” he said.
TEG Empire currently includes TEG Live, TEG Sport, TEG Experiences, TEG Dainty, SXSW Sydney, TEG MJR, TEG Van Egmond, Laneway Festival, FAN+, Handsome Tours, Qudos Bank Arena, and multiple winners of 2022. Includes ticketing giant Ticketek. Ticketing for the Business Forum International Awards in Manchester, UK.
In separate news, TEG owners are reportedly preparing for the auction process.
In an article published last month in Australian Financial ReviewTEG is said to be pitched to major global buyout funds as a “globally unique business” that has expanded its footprint in recent years.
another story that ran Australian personinvestment bank Jefferies tapped to facilitate, suggesting the group’s sale process could begin in April of this year.
In 2019, TEG was acquired by Silver Lake, a US-based private equity firm specializing in technology investments. Financial terms were not disclosed, but sources said TEG had a price tag of over $1 billion.
A spokeswoman did not respond to a request for comment.