SYDNEY, Australia — Brendon Bainbridge is leaving TEG after 17 years, the previous six of these main the dwell leisure, ticketing, digital and information large’s actions in Asia.
Bainbridge has been “an asset to TEG from day one and I wish to personally thank him for his friendship, dedication, loyalty and immense efforts in efficiently launching TEG in Asia,” feedback TEG CEO Geoff Jones in an announcement saying the transfer.
Throughout his six-year stint as managing director, Asia, “Brendon has grown the enterprise within the area, main by the pandemic, the leisure and ticketing trade’s most difficult interval in latest occasions, positioning TEG Asia to now capitalize on a wealth of alternative within the area,” provides Jones.
Earlier than making the transfer to Singapore, Bainbridge served for 11 years as managing director of Ticketek New Zealand.
Bainbridge is leaving to go dwell in Colorado, based on the corporate, and TEG is engaged on alternatives for him to proceed working with the corporate after his relocation.
His successor at TEG is Timothy Ho, who is called as managing director, Asia, and has labored carefully with Bainbridge for the final yr, creating what needs to be “seamless transition for our enterprise within the area,” enthuses Jones.
The incoming chief has 15 years’ expertise in dwell leisure and ticketing previous to becoming a member of to TEG, and was a “clear option to step into the position,” says Sydney-based Jones.
The area, notes Ho, “is on the forefront of each main dialogue now for dwell leisure and ticketing – it’s a good time to be entering into this management position and fulfilling TEG’s long-term imaginative and prescient and dedication to Asia.”
Presently, the TEG empire consists of TEG Dwell, TEG Sport, TEG Experiences, TEG Dainty, SXSW Sydney, TEG MJR, TEG Van Egmond, Laneway Competition, FAN+, Good-looking Excursions, Qudos Financial institution Area and ticketing large Ticketek, a a number of winner on the 2022 Ticketing Enterprise Discussion board worldwide awards in Manchester, England.
In different information, TEG’s homeowners are reportedly getting ready for an public sale course of.
In a single article printed final month within the Australian Monetary Evaluation, TEG is alleged to be pitched to massive international buyout funds as “a novel enterprise worldwide,” one which has expanded its footprint lately.
One other story which ran in The Australian, instructed a sale course of for the group might kick off this April, with funding financial institution Jefferies tapped to facilitate.
TEG was acquired in 2019 by Silver Lake, the U.S.-based personal fairness firm which makes a speciality of expertise investing. Monetary phrases weren’t revealed, however sources say TEG carried a price ticket of $1 billion-plus.
A spokesman didn’t reply to requests for remark.
