July 24, 2014 9:39 PM ET

Capital Markets

Company Overview of Providence Equity Partners LLC

Company Overview

Providence Equity Partners LLC is a private equity firm specializing in growth capital, recapitalizations of family-owned businesses, leveraged buyouts, turnaround, distressed, mezzanine, and take-privates investments. It typically invests in media, entertainment, communications, education, internet and Internet infrastructure, digital media, and information services sectors. The firm typically invests in companies based across the world including Asia with a focus on China, United States and Canada, and Europe. It primarily invests between $150 million and $800 million in its portfolio companies. The firm typically leads its investments and prefers to take a board seat in its portfolio comp...

50 Kennedy Plaza

18th Floor

Providence, RI 02903

United States

Founded in 1989

Phone:

401-751-1700

Fax:

401-751-1790

Key Executives for Providence Equity Partners LLC

Founder and Chief Executive Officer
Age: 57
Senior Managing Director
Age: 52
Senior Managing Director
Age: 50
Chief Financial Officer and Managing Director
Age: 50
Managing Director
Age: 49
Compensation as of Fiscal Year 2014.

Providence Equity Partners LLC Key Developments

Axiata, Carlyle, Providence and ATC Shortlisted As Potential Bidders For Viom Networks

Axiata Group Berhad (KLSE:AXIATA), Providence Equity Partners LLC, The Carlyle Group LP (NasdaqGS:CG) and American Tower Corporation (NYSE:AMT) have been short-listed as potential stake buyers in Tata Teleservices Limited-controlled Viom Networks Limited, which could lead to a change in ownership at Viom. "Negotiations are at a fairly advanced stage," one of the people said. Citigroup and Credit Suisse are the bankers to the deal. "All possible ways of diluting stake were on...We are hopeful that things will materialize by August," Sunil Kanoria, Director at Viom Networks and a joint owner of Viom through SREI Infrastructure Finance Limited (BSE:523756), told ET, without commenting on the names of the short-listed companies. "Tatas and Srei will dilute their holding depending on the final valuation and Tatas could easily bring their ownership down to 30%," a second person said. TTSL could use the funds to pare part of its debt.

Brighton Institute Reportedly Receives Bids

Sovereign Capital Partners LLP sale of Brighton Institute of Modern Music is understood to be progressed and ongoing, after a first round of bids for the firm was submitted earlier this month, July 2014. Seven bidders took part in the first round including at least four private equity firms, among them Bowmark Capital LLP, Providence Equity Partners LLC, Palamon Capital Partners and Equistone Partners Europe. The bids are understood to be well in excess of £50 million.

NEC Reportedly Receives Interests For Its Acquisitions

According to national media reports, a number of private equity firms and pension funds are finalising bids for The National Exhibition Centre Limited. Sky News has reported that Providence Equity Partners LLC, is among the parties to have tabled indicative offers for the NEC Group. Birmingham City Council announced it was putting the NEC Group up for sale in March 2014. However, it said the sale comes with conditions. Principal of these is to ensure that the bidder shares the vision and strategic ambitions of the group in order to maximise the proceeds for the local economy. An auction process is being led by advisers at Gleacher Shacklock LLP.

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