Providence Equity Partners related stories
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CVC picks up Sunrise for $3.25bnCVC’s purchase of the Swiss telecoms company provides a partial exit for Blackstone, KKR, Permira and Providence.
- Quadrant sells ATF back to CHAMP
The sale of the temporary fencing provider is, say the two firms, Australia’s first tertiary buyout. It was originally invested in by CHAMP Ventures in 2004.
- Providence pays CHAMP $555m for Study Group
After initially seeking an IPO exit, the Australian buyout firm has sold the education provider to Providence Equity Partners.
- Quadrant Private Equity acquires Media Monitors
The buyout rush in Australia this week continues with Quadrant Private Equity’s acquisition of the media intelligence company for a reported A$160m.
- Providence reaps 2.5x on cable exit
Cablevision has agreed to buy Bresnan Communications in a deal valued at $1.4bn from majority owner Providence. Quadrangle Capital Partners also owns a stake in the company.
- Fifth Street CEO: Deal activity to heat up
Looming tax rises and upcoming fundraisings will motivate GPs to exit during the second half of this year, says Leonard Tannenbaum.
- Providence to buy Kroll for $1.13bn
The all-cash deal will allow Providence to add Kroll to its security and screening platform company Altegrity.
- Panel: Distressed opportunity evolves with market
Private equity distressed players are finding good returns by helping to capitalise small, distressed businesses, and by scouting for buyout-backed companies being groomed for exit.
- US lobbying association seeks more members
The handful of major firms backing the Private Equity Council will open membership to other GPs, including small firms that may make a better impression on Capitol Hill.
- BC Partners raises €748m in listing
The private equity firm sold nearly 15m shares in chemical company Brenntag in a heated German IPO market.