Exits, Hold 'Em
Beyonce, Jay-Z and Rihanna's go-to touring agent, TAG, suffered a difficult period during the pandemic.
Thankfully, the Apiary Capital-backed company's repertoire also includes film and TV production, which helped keep the business afloat as it began to bounce back.
The GP's patience to hold clearly paid off, as it chalked up a 4x return on its sale of the portfolio company to ECI Partners in a deal announced this week. And to top it off, the exit is Apiary's first.
Our reporter Shivani Khandekar speaks to both the sell-side and buy-side investors in today's top story. Click below to hear from Apiary managing partner Mark Salter on TAG's organic growth and how it overcame its hurdles, and ECI investment director Rory Nath on the buyer's plans for the business.
Xhulio Ismalaj
Reporter
xhulio.ismalaj@realdealsmedia.com