Kester Capital

Travel Entertainment Group

Sector
Business Services
Status
Realised
Date of investment
2008
Key contacts
Adam Maidment
Jeniv Shah
Visit website
www.ifeservices.com

Travel Entertainment Group

Travel Entertainment Group (“TEG”) is a leading content service provider (“CSP”) of in-flight entertainment services to the airline industry. TEG serves its customer base of over 40 airlines out of its headquarters in Manchester, with additional offices in Madrid, California, Johannesburg and Singapore. TEG operates in a market with favourable long-term dynamics, driven by growth in Revenue Passenger Kilometres (RPKs), aircraft volumes and the increasing prevalence and sophistication of installed in-flight entertainment systems.

TEG was sold to Global Eagle Entertainment Inc. in October 2013, delivering a 1.8x return to Kester Capital funds.