Providence Equity Partners related stories
All articles and analysis
Benefit Street Partners to acquire TICC's investment adviserTICC Capital Corp has agreed to sell its investment adviser TICC Management LLC to Benefit Street Partners LLC, the credit investment arm of Providence Equity Partners. No financial terms were disclosed. UBS Investment Bank provided financial advice to TICC Management on the transaction while Houlihan Lokey did likewise for BSP.
- Providence, WPP offer $576.8 mln for Chime Communications
Providence Equity Partners and WPP have agreed to acquire Chime Communications plc for approximately £374 million (US$576.8 mln) in cash. WPP already owns 20.03 percent in Chime and reportedLy plans to keep it stake at that amount, making Providence the majority owner. London-based Chime is a communication and sports marketing group.
On the Move, 7.27.2015The following hires, promotions and appointments are for the July 27, 2015, issue of Buyouts.
- Dyal Capital invests in Vista Equity Partners
The Neuberger Berman investment unit has acquired a stake in a second private equity sponsor.
- PE-backed RentPath appoints Perry as president and CEO
RentPath LLC, which is backed by TPG and Providence Equity Partners, has named Chip Perry as president and CEO. Perry, who joined the RentPath board of directors in February, is the former CEO of AutoTrader.com. Headquartered in Atlanta, RentPath is the parent company of Apartment Guide, Rent.com, Rentals.com and Lovely.
- HGGC to buy European software company Selligent, say sources: Reuters
Middle market private equity firm HGGC is expected to announce an acquisition of a European automated marketing software company called Selligent for an undisclosed sum, sources told Reuters.
Providence Equity files for IPO for federal IT services provider SRA CompaniesSRA Companies Inc, a provider of IT services to the U.S. government, filed with U.S. regulators on Wednesday for an initial public offering of common stock, Reuters reported.
- Federal IT services provider SRA files for U.S. IPO: Reuters
SRA Cos Inc, a provider of IT services to the U.S. government, filed with U.S. regulators on Wednesday for an initial public offering of common stock.
- Spanish language network Univision files for U.S. IPO: Reuters
Univision Holdings Inc, the owner of Spanish language TV network Univision Network, filed for an initial public offering of Class A common stock in the United States, Reuters News reported.
- Providence Equity funds Burning Glass Technologies
Providence Equity Partners has made an undisclosed investment in Burning Glass Technologies. Based in Boston, Burning Glass is a job market analytics provider. In addition to the funding, Brian Napack, a senior advisor at Providence, has been named chairman of the Burning Glass board of directors.