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, 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, newspaper, book, magazin...
50 Kennedy Plaza
Providence, RI 02903
Founded in 1989
Key Executives for Providence Equity Partners LLC
Founder and Chief Executive Officer
Chief Financial Officer and Managing Director
Chief Executive Officer of Providence Equity Capital Markets
Compensation as of Fiscal Year 2013.
Providence Equity Partners LLC Key Developments
Potential Bidders Reportedly Prepare To Bid For Noordhoff
Nov 20 13
The bankers are working on financing packages of around €330 million ($446 million) to support bids for Noordhoff Uitgevers B.V. being sold off by Bridgepoint Advisers Limited, as private equity firms prepare to submit offers this week, reported Reuters citing banking sources. The bid is attracting a number of potential buyers and private equity firms that could submit first round bids in an auction process include Ares Management LLC, NPM Capital N.V., Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR), Pamplona Capital Management LLP, Providence Equity Partners LLC and Bain Capital, LLC, added the sources. The bankers said that, bankers are preparing debt packages of 5 to 6 times Noordhoff's earnings before interest, taxes, depreciation and amortisation (EBITDA) of around €60 million to back private equity bids. Goldman Sachs and ING were hired earlier this year to run a sales process for Noordhoff, which could fetch around €600 million to €700 million, banking sources said. All the private equity firms either declined to comment or were not immediately available to comment. Bridgepoint declined to comment.
Investors Reportedly Eyes Serbia Broadband
Aug 16 13
Telekom Austria AG (WBAG:TKA) is vying with private-equity firms to acquire Serbia Broadband - Srpske kablovske mreze d.o.o. (SBB) from Mid Europa Partners LLP for as much as €1 billion , according to people with direct knowledge of the matter. Telekom Austria, got back in the race after dropping off a shortlist of companies looking at SBB’s books, two people familiar with its plans said. Cinven Limited; Providence Equity Partners LLC; and Altice Finco S.A. are also bidders, six people said. All asked to not be identified because the talks are private. SBB could be sold for as much as 10 times its estimated earnings before interest, taxes, depreciation and amortization, one of the people said. Telekom Austria would have to sell new shares to fund the purchase, the people familiar with the former monopoly’s thinking said. Share price of Telekom Austria dropped as much as 3.4% in Vienna and traded at €5.6, down 2.6%. According to Bloomberg, spokesmen for Telekom Austria, Providence, Cinven and Altice declined to comment on the deal. SBB and Mid Europa didn’t return calls and e-mails asking for a comment. The due-diligence process, in which bidders analyze SBB’s accounts and file new bids, may take until the end of September, one of the people said.
Axel And General Atlantic Reportedly Bid For Scout24
Aug 7 13
Axel Springer AG (DB:SPR) along with General Atlantic LLC made an offer to acquire Scout24 Holding GmbH from Deutsche Telekom AG (DB:DTE), two people familiar with the transaction said. Mathias Doepfner, Chief Executive Officer of Axel Springer said that Scout24 would be a good fit for the group but also cautioned that Axel was not willing to overpay. He declined to comment further. Deutsche Telekom had set a July 31 deadline for tentative bids. Second-round bids for the business - which bidders value at €1.5 billion - are due in late September, the sources said. Other bidders include Hellman & Friedman LLC, Providence Equity Partners LLC, CVC, EQT Partners AB, Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR), Apax Partners LLP and Silver Lake, according to the sources familiar with the transaction. All of them, including General Atlantic, declined to comment. Deutsche Telekom declined to provide details on the auction, saying only that its strategic review of Scout24 had not yet been completed. Axel Springer shares were up 3.9% at €40.415.
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