Silver Lake, the California private equity firm that owns TEG, has enlisted two distressed-debt specialists to join the board of the ticketing and entertainment giant behind Ticketek as it faces an uphill battle to exit an investment that recorded losses of about $140 million in the past year.
The buyout firm, which acquired TEG in 2019, also sought a $US52.5 million ($75 million) loan for the business, most of which was drawn down by early August, accounts lodged with the corporate regulator show.
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