Providence Equity Partners related stories
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Report: PE firms line up for Indian BPO companyApax Partners, The Blackstone Group and Providence Equity Partners are reportedly eyeing the buyout of Firstsource, in a deal that could be worth about $400m.
- LS Power, GIP drop $7.8bn bid for power company
The private equity firms have said they reserve the right to file a new bid for TransAlta, a Canadian power generator that previously rejected their bid. TransAlta's shares were trading at $22.42 near the close of the market Thursday, a significant drop from the $39 per-share bid offered by the firms in July.
- Providence hires former Deutsche exec for debt fund
Thomas Gahan will take over the media and telecom-focused firm’s $1bn debt investment programme, which is exploring investment opportunities in the stagnant credit markets.
- Providence grows Hong Kong team with GA hire
Sean Tong, formerly a managing director at General Atlantic, has quit the firm to join Providence Equity Partners' Hong Kong office.
- Euro sceptic
The European Parliament’s proposal to regulate private equity seems unlikely to change things much at all, writes Toby Mitchenall.
- Providence in $290m deal for Asian call centre business
Providence's new deal expands the firm's investments in Asia to more than $1bn.
- Informa bidders back off
Unprepared to up their offer of 450 pence per share, Providence, Carlyle and Blackstone have walked away from the deal for London-based publisher Informa.
- UK media group rejects reduced £1.9bn bid
The reduced takeover offer for Informa, publisher of Lloyd's List, by Providence Equity Partners, The Carlyle Group and The Blackstone Group has come after a shake-up in the original consortium that offered £2.15bn for the company in late June.
- AIG’s $30bn alternatives business hangs in balance
As the US insurance giant struggles to raise capital, the fate of the firm’s substantial private equity business remains uncertain. AIG Investments has not been placed for sale as part of its parent’s capital raising measures.
- Report: PE firms vie for $2.5bn Asian telecoms deal
TPG, MBK Partners, Providence and Macquarie are reportedly among the firms that have made it through the first round of bidding for the media and telecommunications assets of Hong Kong-listed PCCW. Apax, Bain and Carlyle may also be second-round bidders.