July 22, 2014 6:21 AM 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

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.

Telekom Slovenije Reportedly Interests Strategic And Financial Investors

The race for 72.75% stake in Telekom Slovenije d.d. (LJSE:TLSG) is gearing up. Apollo Global Management, LLC (NYSE:APO), Turkcell Iletisim Hizmetleri AS (IBSE:TCELL), Deutsche Telekom AG (DB:DTE), Mobile Telesystems OJSC (NYSE:MBT), Providence Equity Partners, LLC, Bain Capital, LLC, Cinven Limited, CVC Capital Partners Limited, Apax Partners, LLP and PPF Group N.V. are the potential suitors, according to The Slovenia Times. According to Finance, ApaxPartners, LLP, Bain Capital, LLC and Providence Equity Partners, LLC have submitted the highest bids, between €150 and €160 per share. Deutsche Telekom AG has reportedly offered around €140.

Telekom Slovenije May Reportedly Divest Units After Privatization

Telekom Slovenije d.d. (LJSE:TLSG) may sell several international subsidiaries after its privatization, Seebiz reported. One Skopje is tipped as the prime candidate for a potential sale. About ten bidders including at least seven investment funds and several strategic bidders have expressed interest in acquiring 72.75% combined stake of the central government, Slovenska odskodninska druzba, d. d., Kapitalska druzba pokojninskega in invalidskega zavarovanja, d. d. and three insurance organizations, plus 2.83% held by additional shareholders in Telekom Slovenije. Dnevnik had reported in June 2014, that potential bidders include Deutsche Telekom AG (DB:DTE), being the favorite bidder, Sistema JSFC (MICEX:AFKS) and Sonae SGPS SA (ENXTLS:SON), as well as private equity groups such as Cinven Limited and Providence Equity Partners LLC. The government expects to raise over €700 million.

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