SMG on the market again
The multinational venue management giant is reportedly for sale once more – and at least one rival is prohibited from putting in an offer…
News By IQ | 13 November 2017
SMG, the world’s largest venue operator, has been put up for sale for the second time in two years.
The Pennsylvania-based company – whose giant venue portfolio includes some 500 arenas, stadia, theatres, amphitheatres and convention centres across North America, Europe and, most recently, China – could potentially sell for US$750m, according to SportsBusiness Journal, with investment firms Kohlberg Kravis Roberts and Texas Pacific Group among those believed to be interested.
SMG is currently owned by Maryland-based Northlane Capital Partners, which…
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