Goldman Buys Majority Stake in Taylor Swift Stage-Builder TAIT

The private equity business of Goldman Sachs Alternatives is buying a majority stake in TAIT, the engineering firm that designed the stage for Taylor Swift’s Eras Tour.

The alternative investment platform of Goldman Sachs Asset Management has struck a deal to acquire a majority stake from affiliates of Providence Equity Partners, TAIT said in a statement. The financial terms of the transaction weren’t disclosed.

Bloomberg News previously reported that TAIT was exploring a sale that could value the company at $1.3 billion.

Read More: Taylor Swift’s Stage Builder TAIT Is Said to Explore Sale

TAIT said its ...