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.