Company Overview of Providence Equity Partners LLC
Providence Equity Partners LLC is a private equity and venture capital firm specializing in mid and late venture, mature, growth capital, recapitalizations of family-owned businesses, turnaround, distressed, leveraged buyouts, mezzanine, PIPES, and take-privates investments in middle market companies. The firm also provides debt investment management, and capital market and debt structuring advice through its capital markets group, with respect to its portfolio companies. It typically invests in media, entertainment, sports, communications, education, telecom businesses, and information services sectors with a focus on broadcast, broadband, cable television, music, film, wireline, wireless, ...
50 Kennedy Plaza
Providence, RI 02903
Founded in 1989
Key Executives for Providence Equity Partners LLC
Founder and Chief Executive Officer
Senior Managing Director and Chief Operating Officer of Capital Markets Group
Compensation as of Fiscal Year 2013.
Providence Equity Partners LLC Key Developments
Vodafone Reportedly Reaches A Deal To Acquire ONO
Mar 7 14
Vodafone Group Public Limited Company (LSE:VOD) has reached a preliminary deal to buy Grupo Corporativo ONO, S.A. after raising its initial bid for the company, two people with knowledge of the discussions said. Ono rebuffed an earlier bid from Vodafone in February and decided to go ahead with a planned initial public offering that would value the company at €7 billion, including debt. Sources said Vodafone's bid would have to be substantially higher than that value to persuade Ono and its private equity shareholders to drop the listing. "A meeting took place yesterday between the shareholders and (Vodafone Chief Executive) Vittorio Colao. The due diligence will start this weekend in order to make the offer binding," said one of the sources. A second source said Ono's private equity shareholders told Vodafone at the meeting that the offer would have to come before March 13, when the cable group is due to formally go ahead with the plan to list on the Madrid stock exchange. According to Reuters, both Ono and Vodafone declined to comment. CCMP Capital Advisors, LLC; Quadrangle Capital Partners; Providence Equity Partners LLC; and Thomas H. Lee Partners, L.P. own 54% of Ono, according to the company's website.
Vodafone Reportedly Approaches ONO For Potential Acquisition
Feb 10 14
Vodafone Group Public Limited Company (LSE:VOD) has made a formal bid to acquire Grupo Corporativo ONO, S.A. for around €6.9 billion, reports Spanish business daily Expansion, citing unnamed sources close to the matter. The binding offer for 100% of the capital will be studied at Ono's board meeting on February 11, 2014, which was initially scheduled to choose the investment banks that would advise the company on its plans to float on the stock exchange. However, rather than pressing ahead with the IPO, Ono's owners, which include private equity investors CCMP Capital Advisors, LLC; Thomas H. Lee Partners, L.P.; Providence Equity Partners LLC; and Quadrangle Capital Partners, may opt for a straight buyout. If the sale goes ahead at the reported price, Ono's shareholders would receive around €3.48 billion, in view of the company's debt of around €3.42 billion. According to Bloomberg, Ben Padovan, a spokesman for Vodafone, declined to comment, as did Estefania Somoza, a spokeswoman for ONO.
ONO May Reportedly Go For An IPO
Feb 3 14
The venture capital funds which hold stake in Grupo Corporativo ONO, S.A. are seeking to sell stake in the business via initial public offering (IPO). The funds prefer the sale of ONO to its planned IPO of shares as an IPO would not allow them to dispose of their entire shareholdings in the firm, Expansion quoted unnamed sources as saying Thomas H. Lee Partners, L.P., Providence Equity Partners LLC and CCMP Capital Advisors, LLC currently hold a 54% combined stake in ONO.
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