Providence Equity Partners related stories
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Riverside Partners promotes threeRiverside Partners has promoted Michelle Noon and Max Osofsky to partner. The company has also promoted Craig Stern to principal. Prior to joining Riverside, Noon worked at Thoma Bravo and Morgan Stanley while Osofsky was at Summit Partners where he served as a vice president. And before joining Riverside, Stern was at Nextag where he worked as a vice president of corporate development.
- Creditors may seize control of Altegrity-NY Post
Oaktree Capital Management and other lenders are close to striking a deal with Providence Equity Partners to take control of the security company that vetted former spy agency contractor Edward Snowden, the New York Post reported.
- HGGC acquires majority stake in SSI
HGGC has completed its previously announced acquisition of a majority stake in Survey Sampling International. No financial terms were disclosed. As a result of the transaction, Providence Equity Partners and Sterling Investment Partners, SSI’s joint owners, will retain minority stakes in the business. Based in Shelton, Conn., SSI is a provider of data solutions and technology for consumer and business-to-business research.
Alaska Permanent Fund to commit up to $1.05 bln to Dyal Capital IIIAlaska Permanent Fund plans to commit up to $1.05 billion to the overall strategy of Neuberger Berman’s Dyal Capital III, which in turn is raising up to $5 billion to invest in private equity firms.
- Alaska Permanent Fund commits $550m to private equity
Both commitments will go to Dyal Capital Partners, to acquire GP stakes
- Denmark's TDC weighs bid for Swedish cable firm Com Hem, say sources-Reuters
TDC (TDC.CO), Denmark's biggest telecoms network operator, is weighing a bid for Swedish cable firm Com Hem (COMH.ST), as it seeks to expand across the Nordic region, sources told Reuters.
PE-backed Q9 Networks appoints new president and CEOToronto-based Q9 Networks Inc, a provider of outsourced data centre infrastructure, has hired Karen Sheriff as president and CEO. The appointment becomes effective on January 5, 2015. Sheriff is the former president and CEO of Canadian communications business Bell Aliant Inc. Q9 Networks is currently owned by an investor group that includes Ontario Teachers' Pension Plan, Providence Equity Partners and Madison Dearborn Partners. Update: The company was acquired by these investors in 2012 from U.S. private equity firm ABRY Partners for $1.1 billion.
- PE-backed Q9 Networks appoints new president and CEO
Toronto-based Q9 Networks, a provider of outsourced data center infrastructure, has hired Karen Sheriff as president and CEO. The appointment becomes effective January 5, 2015. Sheriff is the former president and CEO of Bell Aliant. Q9 Networks is owned by an investor group that includes Ontario Teachers' Pension Plan, Providence Equity Partners and Madison Dearborn Partners.
- Providence Equity invests in VendorSafe
Providence Equity has acquired a majority stake in VendorSafe Technologies, provider of security services for small and medium-sized businesses. No financial terms were disclosed. In addition to the investment, Marco Ferrari and Mark Hastings of Providence Strategic Growth have been added to VendorSafe's board of directors. And, VendorSafe has hired Kevin Watson as its new CEO.