Providence Equity Partners related stories
All articles and analysis
BC fund kicks off with €1.9bn dealBC Partners has made its first acquisition with capital from its latest mega-fund, winning the hotly-contested auction for Swedish cable company Com Hem with a bid of SKr17bn (€1.9bn; $2.7bn).
- KKR partnership buys into digital education
KKR invested ‘hundreds of millions’ in a partnership called Weld North in 2010, which has made its first acquisition for a reported $50m.
- TPG poaches Bain executive
Bain Capital's Jingsheng Huang is moving to join rival TPG's China office and will begin his new role in late August. TPG is currently raising two separate RMB funds in Chongqing and Shanghai.
- Exits outstrip investments in UK
UK exit activity in the first six months of the year slightly outpaced new investments for the first time since 2006, according to CMBOR.
- Apax beaten to Polkomtel by local entrepreneur
Buyout firm Apax Partners appears to have lost out to Polish entrepreneur Zygmunt Solorz-Zak (pictured) in its battle to acquire state-backed phone company Polkomtel.
- Cambridge: Glut of uncalled capital boosts prices
The industry has about $376bn of uncalled capital that was raised in the peak credit years, an overhang that is driving up prices and could expand as many firms are raising funds this year, according to Cambridge Associates.
- AXA bags another bank’s private equity portfolio
French group AXA Private Equity, led by Dominique Senequier (pictured), has sealed the acquisition of a $1.7bn portfolio of assets from Citigroup, 14 months after a similar deal with Bank of America.
- TPG hires ex-Goldman executive Steve Sun
Steve Sun, managing director of Goldman Sachs' Principal Investment Area, has joined TPG as a partner on its China team.
- PE trio in $3.3bn Warner Music exit
The record label backed by Bain Capital, Providence Equity Partners and Thomas H. Lee Partners is to be sold to Len Blavatnik’s Access Industries before the end of Q3 2011.
- Sun Capital expects more modest fund size
The firm told LPs at its annual meeting that it will hit the fundraising trail in about 18 months and target $3bn with a hard-cap of $4bn, putting it in line with others managers now raising smaller funds than predecessor vehicles.