The Firm is representing the Private Equity business of Goldman Sachs Alternatives (“Goldman Sachs”) in connection with its proposed acquisition of a majority stake in TAIT from affiliates of Providence Equity Partners and other existing investors. Completion of the proposed transaction is subject to customary regulatory approvals. Other terms of the transaction were not disclosed.
TAIT is a leading products and service provider in the live entertainment and experience business across the world. TAIT partners with artists, brands, IP holders and place makers to bring culture-defining, never-before-seen experiences to life. TAIT's 20 global offices have developed iconic productions and experiences in over 30 countries, all seven continents, and even outer space for renowned performers, theme parks, exhibits, and venues across the globe, including partnerships with Taylor Swift, Cirque Du Soleil, Royal Opera House, Nike, NASA, Bloomberg, Google, Beyoncé, and The Olympics.
Goldman Sachs is one of the leading investors in alternatives globally, investing in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability.
The Simpson Thacher team included: Katherine Krause, Mark Myott, Matteo Garofalo, Harry Marples and Dashia Kwok (M&A); Russell Light, Eli Shalam, Michael Stephenson and Eva Gao (Tax); Larry Moss and Kristy Fields (ECEB); Eli Isak, Adam Moss, Roman Ibragimov and Matthew Digirolamo (Banking and Credit); Ron Ben-Yehuda and Chandler Gerard-Reimer (Intellectual Property); Karen Kazmerzak, Kelly Karapetyan and Daniel Owsley (Antitrust); Michael Isby (Environmental); and Krista McManus and Helene Marie Snyder (Real Estate).