Providence Equity Partners related stories
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Who’s responsible?The largest private equity firms in the world have committed to consider socially responsible investment guidelines. Is this all just PR window dressing? asks Christopher Witkowsky.
- Mega-firms embrace socially responsible investing
Some of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.
- Report: KKR, Carlyle eye $3bn in Verizon assets
The mega-firms are reportedly among potential buyers for $3bn-worth of assets including 2.1 million wireless subscribers in 22 US states. Last month, TPG and Goldman Sachs completed their sale Alltel to Verizon, booking $1.3bn in profit.
- PCCW take-private bid under investigation
The telecoms company, eyed by private equity firms in the past, is under investigation for vote-rigging allegations, after shareholders recently voted to delist the company.
- Accused of collusion
Christopher Witkowsky explains why 14 private equity firms may have to defend themselves in a Massachusetts court.
- Goldman vet takes IR helm at BC Partners
Charlie Bott , the former head of Goldman Sachs’ European financial sponsors group, will co-head BCP’s investor relations as it prepares to raise Fund IX next year.
- BC Partners makes top management changes
Chairman Jens Reidel has stepped down as part of a planned retirement process, handing co-chairman roles to managing partners Francesco Loredan and Raymond Svider. Next month John Hosgood, Barclays’ former co-head of leveraged finance, will join the firm to lead a push into credit strategies that will be largely focused on purchasing debt in its own deals.
- PCCW take-private bid raised at last minute
Richard Li and China Netcom, two of the telecom company's largest shareholders, have upped their offer from HK$4.20 to HK$4.50 per share, in a bid to win over minority shareholders.
- BCE sues for C$1.2bn break-up fee
The telecom company has filed a lawsuit against Ontario Teachers’ Pension Plan, Providence Equity Partners and Madison Dearborn Partners arguing that it is owed payment following the consortium’s cancellation of the agreed C$52bn take-private.
- A new chapter
The death of the BCE deal marks the end of one cycle but signals hope for another, writes Suzanne Weinstock.