Providence Equity Partners related stories
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Providence boosts LP distributions to $4.3bnThe $200m exit of Hulu brings Providence’s LP distributions to $4.3bn since July 2011 and comes roughly two months before the firm expects to close its seventh fund.
- Providence executive Richardson steps back
As the firm enters the homestretch on fundraising, managing director Julie Richardson has announced she will move into a senior advisory role.
- Providence expects $5bn for Fund VII
Fund VII will raise less than its original $6bn target, according to remarks made at the firm's annual meeting by CEO Jonathan Nelson.
- Insurance company buys stake in MatlinPatterson
Allied World Assurance's investment in the Mark Patterson-led firm follows Florida SBA's purchase of an interest in Providence Equity Partners last month.
- Florida pledges $800m to buyout, debt funds
The $157bn system committed a total of $1.25bn across alternative investments during the third quarter of 2012.
- Internal e-mails used in collusion case
Private equity executives’ emails are being used as evidence that some of the world’s most prominent firms allegedly colluded on mega-buyouts between 2003 and 2007, in an effort to drive down prices and limit competition.
- Providence seals 4.5x exit on sports channel
The firm will partially exit its investment in broadcasting company YES Network, which Providence created alongside a group of co-investors including Goldman Sachs in 2001.
- Providence in China exit to Baidu
Providence Equity Partners has revealed it will exit an online video platform in a sale to Baidu, just after the US-based private equity firm opened a Beijing office.
- TIM Hellas offers buyout firms second pay-out
Texas Pacific Group and Apax Partners are reportedly refinancing the Greek mobile company for a second time to take a dividend payment, which will take proceeds to more than twice the firm’s original investment.
- Providence loses managing director to Comcast
Michael Angelakis has agreed to become the cable provider’s new chief financial officer in 2008.