Goldman Sachs Alternatives’ Private Equity business is set to acquire a majority stake in TAIT, a leading company in live experiences, from Providence Equity Partners and other existing investors. The TAIT management team will continue to lead the company and remain significant shareholders. This strategic acquisition, subject to customary regulatory approvals, aims to reinforce TAIT’s position as an industry leader and expand its global footprint through Goldman Sachs’ extensive network and expertise. TAIT has been at the forefront of creating iconic productions and experiences globally for over 45 years, partnering with top-tier artists, brands, and institutions. Providence Equity Partners has been a significant contributor to TAIT’s recent success, helping the company grow and navigate challenges, including the pandemic. Financial advisors involved in this transaction include Evercore, Jefferies LLC, and legal advisors Weil, Gotshal & Manges LLP, Simpson Thacher & Bartlett LLP. The exact financial terms of the deal were not disclosed.

Live Entertainment, Private Equity, Media and Entertainment Technology,United States, Global