Atairos and NBCUniversal Invest $296M for 30% Stake in Opry Entertainment Group
June 16, 2022
Atairos and NBCUniversal acquired a 30% minority stake in Opry Entertainment Group (OEG) for $296 million ($283M from Atairos, $13M from NBCUniversal), valuing OEG at $1.415 billion. The transaction provides capital to support OEG's next phase of growth while allowing Ryman Hospitality Properties to delever its balance sheet and retain a 70% controlling interest.
- Buyers
- Atairos, NBCUniversal
- Targets
- Opry Entertainment Group
- Sellers
- Ryman Hospitality Properties, Inc.
- Industry
- Media & Entertainment
- Location
- Tennessee, United States
- Transaction Type
- Growth capital
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