TEG invests in Ambassador Theatre Group

The Asia-Pacific live powerhouse has partnered with Providence Equity to inject €175m in West End theatre giant ATG

ATG is renovating the Globe in Stockton, County Durham

Sydney-based live entertainment group TEG has acquired a minority stake in West End theatre operator Ambassador Theatre Group (ATG).

ATG, which is majority owned by Providence Equity Partners (Superstruct Entertainment, Tait), owns or manages around 50 venues globally, including many of London’s best-known theatres. Its portfolio includes the Savoy and Lyceum theatres in London, the Lyric and Hudson in New York, and a growing stable of UK music venues, including the upcoming Stockton Globe and Swansea Arena.

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