Friday, 8 July 2016
Dainty sells up to expanding TEG
Paul Dainty has sold his decades-old promotions company to live events and ticketing business TEG. TEG already owns Ticketek, TEG Live, Softix, Eventopia and Sydney's Qudos Arena and has been on the hunt for acquisitions through its Hong Kong-based owner Affinity. Now, it’s made its most notable purchase since it bought Nine Live from Nine Entertainment for $640m last April. The Dainty Group has toured big-name acts like The Rolling Stones, Katy Perry, Paul McCartney, Fleetwood Mac, Queen and ABBA in Australia and New Zealand. The compay will now sit under the TEG umbrella as TEG-Dainty. All Dainty Group staff members have retained their positions and will now work under TEG-Dainty.