SMG sold to PE firm Onex Corporation
SMG, a world leader in venue operation, is to be acquired by a $5.7bn fund managed by Canadian private-equity investor Onex Corporation
News By | 11 December 2017
Leading venue management company SMG Holdings, which has been up for sale since at least November, is to be acquired by Onex Corporation in partnership with SMG’s existing management, the Toronto-based private-equity firm announced today.
The deal puts to bed rumours of Live Nation’s interest in SMG, which manages hundreds of arenas, stadia, theatres, amphitheatres and convention centres globally, including many of the UK’s leading large venues through its Manchester Arena-based European subsidiary, SMG Europe.
Terms were…
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