TEG, which owns ticketing firm Ticketek and UK-based The MJR Group, has been acquired by California and New York-headquartered technology investors Silver Lake.

Under the agreement, TEG’s senior management team, led by chief executive Geoff Jones (pictured), will continue to lead the company and remain meaningful equity partners in the new ownership structure.

Silver Lake, whose other investments include Alibaba Group, Dell Technologies, WME’s parent company Endeavor, and the Madison Square Garden Company, today (Friday) signed a definitive agreement to acquire TEG from funds advised by Affinity Equity Partner and its affiliates.

Read more about this story at our sister website, TheTicketingBusiness.com.