Goldman buys majority stake in Taylor Swift stage-builder Tait
Add BT as a preferred source
THE private equity business of Goldman Sachs Alternatives is buying a majority stake in Tait, the engineering firm that designed the stage for Taylor Swift’s Eras Tour.
The alternative investment platform of Goldman Sachs Asset Management has struck a deal to acquire a majority stake from affiliates of Providence Equity Partners, Tait said. The financial terms of the transaction were not disclosed.
Bloomberg News previously reported that Tait was exploring a sale that could value the company at US$1.3 billion.
Tait said its management team will continue to lead the company and remain significant shareholders.
The company, which designs and builds sets for live events, has worked on Rihanna’s Super Bowl Halftime Show, Beyonce’s Renaissance World Tour in 2023 and Swift’s Reputation Tour in 2018.
Evercore and Jefferies Financial Group served as Tait’s financial advisers, while Goldman Sachs Alternatives was advised by PJT Partners and another unit of Goldman Sachs. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Employers want AI-fluent employees. Hiring them is the challenge
