TEEG AUSTRALIA PTY LTD
Location
NEW SOUTH WALES
Founded
2004-12-16
Website
Risk Signals
20 news mentions monitored
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Bowling Centers, Coin-Operated Amusement Devices), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about TEEG AUSTRALIA PTY LTD
Live alerts from global media, monitored by Business Radar
2022-10-02 (afr.com)
Affinity Equity amuses itself with Quadrant’s TEEG
The Pan-Asian buyout firm is taking an early look at Timezone’s owner.
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2022-09-15 (afr.com)
Quadrant PE takes TEEG down the bespoke talks route
Australian buyout firm Quadrant Private Equity is giving its pan-Asian entertainment business TEEG the special treatment, as it talks to suitors about potential exit options and valuations.
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2022-06-05 (afr.com)
Timezone owner TEEG hires Goldman Sachs, Record Point for review
Australian buyout firm Quadrant Private Equity and its co-investors have mandated financial advisers to assess potential growth options for pan-Asian entertainment business, TEEG.
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2017-12-19 (afr.com)
Ardent Leisure sells bowling division for $160m to Timezone operator TEEG
Ardent Leisure has sold its bowling and entertainment division to privately owned TEEG in a deal worth $160 million
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(businessnews.com.au)
Malcolm Steinberg
Malcolm Steinberg founded Leisure & Allied Industries (LAI) in Perth and served as the group’s CEO for 55 years until 2013. The business commenced when Mr Steinberg imported 21 pinball machines to WA in 1958. It subsequently launched Timezone entertainment centres in 1978. Timezone continues to operate today, with over 220 centres across six countries (Australia, New Zealand, Indonesia, the Philippines, India and Singapore) and annual sales in excess of $120 million. Its ownership changed in 2017, when Quadrant Private Equity and the Steinberg family established The Entertainment and Education Group. TEEG acquired Timezone for an undisclosed sum and in December 2017 announced plans to acquire the ten-pin bowling and entertainment division of Ardent Leisure for $160 million. Helix Leisure is the LAI group’s supply company. It was formed in 2014 through a merger of four businesses developed separately by LAI.
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