Providence Equity Partners related stories
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Providence Strategic invests in MAPAL SoftwareProvidence Strategic Growth, the growth affiliate of Providence Equity Partners, has invested in MAPAL Software. Financial terms weren’t announced. MAPAL, of Madrid, develops and supplies management and business analytics software for the restaurant and retail sectors.
- Providence Strategic Growth buys I’Car Systems-DATAFIRST Group
Providence Strategic Growth, the growth arm of Providence Equity Partners, said Sept. 5 that it acquired I’Car Systems-DATAFIRST Group. Financial terms weren’t announced. Argos Wityu is the seller. I’Car Systems-DATAFIRST Group is a French software development company for automotive manufacturers and dealers.
- TimeClock Plus attracts funding from Providence
San Angelo, Texas-based TimeClock Plus, a workforce management software provider, has secured an undisclosed amount of funding. The investor was Providence Equity Partners. Wells Fargo served as financial adviser to TimeClock Plus on the transaction while Jackson Walker LLP providing legal advice. And, Weil, Gotshal & Manges LLP served as legal adviser to Providence.
Kentucky confirms $200m commitmentThe US public pension has committed to a separate account managed by CapitalSpring.
BlackRock PE trio departs to launch growth firm – exclusiveManaging director Jay Park and two other private equity partners executives launched the firm in July.
Side Letter: Blackstone's $11bn haul, CVC's long-term close, Providence eyes EuropeWe have a flurry of fund closes to report this morning, not least from Blackstone, which has raised the largest-ever pool of capital for secondaries. Here’s today's brief, for our valued subscribers only.
Providence collects close to $8bn in double fundraiseThe US manager, which has yet to hold official final closes on its eighth flagship fund and fourth strategic growth fund, is also in market with a Europe growth vehicle.
Side Letter: ILPA on GP clawback, $2.5trn powder keg, Abraaj latestILPA's latest how-to guide for LPs, private markets' $2.5 trillion piggy-bank, "political interests" behind Naqvi accusations. Here’s today's brief, for our valued subscribers only.
- Ex-Warburg and TCV execs launch fund – exclusive
Farview Equity Partners is targeting lower mid-market enterprise and financial companies in Europe for its debut vehicle.