Providence Equity Partners related stories
All articles and analysis
GlobalTranz secures $40 mlnGlobalTranz has completed a $40 million Series C funding round by Providence Equity and Susquehanna Capital. GlobalTranz is a transportation management and logistics industry.
- It is hard to beat CVC Capital's track record
Toward the middle of last year, London-based CVC Capital Partners collected 10.9 billion euros ($14.4 billion) for its latest flagship buyout fund. It took just six months to raise CVC Capital Partners VI LP, and the firm couldn’t meet investor appetite for slots in the fund, according to sister news service Reuters.
Going long: Why Altas Partners and OPTrust invested in St. George’s UniversityGrenada's St. George’s University (SGU) was a couple of weeks ago the focus of a US$750 million control-stake transaction involving an investor group led by Canadian private equity firm Altas Partners and a fund advised by Baring Private Equity Asia. Altas partnered with OPTrust Private Markets Group in the SGU deal, which is its second since the firm's launch in 2012 by former Onex Corp managing director Andrew Sheiner. It marks an important step for an investor that has sought to blaze a new path in PE dealmaking.
Desire2Learn raises $85 million for global e-learning push: ReutersKitchener-Waterloo's Desire2Learn Inc said on Thursday it raised $85 million in venture capital funds, Canada's biggest such deal this year, as the fast-growing owner of educational software maker looks to ramp up its overseas expansion, Reuters reported. Investors in its latest financing round included Columbus Nova Technology Partners, Graham Holdings, Four Rivers Group and Aurion Capital. The deal follows an earlier $80 million round in 2012, co-led by New Enterprise Associates and OMERS Ventures, which both also contributed this time around.
Mega-growth-equity deals stomp onto sceneSponsors are making big bets on growth equity this year as a way to avoid pricey LBOs, but analysis of the trend finds there’s no easy way to escape lofty valuations in this emerging area of the dealscape.
- CCMP spends $890m on chemical business
The firm is also looking to wrap up fundraising for its third buyout fund, which is targeting $3.5bn
- Astorg Partners invests in M7
Astorg Partners is planning on acquiring a majority stake in CDS Topco from an investor group led by Providence Equity Partners. No financial terms were disclosed, which is expected to be completed in the third quarter of this year. Deutsche Bank and BNP Paribas advised Providence on the transaction while Emendo Capital advised Astorg. As a result of the deal. Providence and Airbridge Investments B.V will retain "significant' minority stakes in CDS, which operates under the name M7. Headquartered in Luxembourg, M7 is a provider of DTH satellite services.
- Astorg tunes into pay-TV
The French firm has bought a majority stake in M7 from Providence
Chart of the Week: Annual default rate for portfolio companies of top 14 PE firmsThere is a wide variety of default rates among private equity-backed portfolio companies.
- Arsenal Capital Partners hires Grace Kim to IR role
The New York-based middle market firm is expanding its investor relations team