TEG acquires London venues XOYO, Camden Assembly

TEG is expanding its portfolio of U.K. assets.

The Sydney-based concerts, ticketing the technology group snaps-up London venues XOYO and the Camden Assembly, with both sites expected to re-open their doors for business later this month.

Terms of the deal weren’t announced.

XOYO, a 800-capacity club in Shoreditch, and The Camden Assembly, the 400-capacity site formerly known as The Barfly, which has hosted early-career gigs by Oasis and Coldplay, are both due to reopen June 21, with a full-sheet of bookings to come.

TEG MJR, which struck the deal, will organise live music events, brand experiences and community events in both venues, while “working closely with local and national promoters to curate a full and diverse calendar of artists and genres,” a statement reads.

In the mix is a three-date Skream residency at XOYO, which will get a production facelift through its new owners.

Camden Assembly will continue to trade daily with a blend of live shows, club nights and electronic music events upstairs, a statement reads.

“These are two of London’s most loved venues,” comments Geoff Jones, CEO of TEG. “We will honour their legacies whilst bringing new and unbeatable live music and event experiences to patrons. This move gives us a presence in the vibrant London music scene.”

TEG MJR was formed in 2019 following TEG’s acquisition of Bristol, England-based MJR Group, which, at the time, produced more than 2,000 shows each year and boasted a four-strong collection of venues includes Tramshed in Cardiff and Birmingham’s Digbeth Arena and The Mill, plus stakes in six other venues.

It’s the second major deal for TEG in as many weeks. Early this month, sprawling company announced a partnership with Laneway Festival, ahead of plans to relaunch next year.

TEG’s international activities span ticketing, live entertainment and technology, with interests including Ticketek, TEG Live, Qudos Bank Arena, Eventopia, TEG Dainty, Van Egmond Group and more.

This article originally appeared on The Industry Observer, which is now part of The Music Network.