Providence Equity Partners related stories
All articles and analysis
More aggressive cov-lite deals barrel through marketU.S. covenant-lite lending is moving into a more aggressive phase as banks make more concessions and loosen loan terms further to offer even greater flexibility to buyout shops and U.S. companies in a borrower’s market.m
- Benefit Street Partners hits $1.75 bln for Fund III
Benefit Street Partners, the credit arm of Providence Equity Partners, said it closed its direct lending fund, Providence Debt Fund III LP, at its hard cap of $1.75 billion, well ahead of its $1 billion target, in a move to build up dry powder for mid-market financing deals.
The princeling of private equity: ReutersAlvin Jiang has a knack for landing lucrative deals in China, the world's biggest emerging market for private equity. He is a founding partner at Hong Kong-based Boyu Capital, now one of the hottest firms in China. Boyu has attracted high-profile investors such as Asia's richest man, Li Ka-shing, and Singapore's sovereign wealth fund, Temasek Holdings Private Limited.
- Providence Equity debt arm hits $1.75 bln hard cap on Fund III
Benefit Street Partners, the credit investment arm of Providence Equity Partners, has held a final close on the $1.75 billion hard cap for Providence Debt Fund III, beating its $1 billion target. Fund III is a middle market lending fund that attracted demand surpassing its $1.75 billion hard cap. Fund III launched in the first half of 2013.
- CCMP and Providence seal 1.6x return on Ono
An investor group is selling the Spanish cable broadband service provider to Vodafone for €7.2bn.
- SunGard Availability spinoff preps $1.275 bln in debt
SunGard Availability Services is coming to market with a $1.275 billion credit in connection with its spinoff from SunGard Data Systems as the underperforming division is sold off, sources told sister service Thomson Reuters Loan Pricing Corp.
Vodafone paying 10.4x cash flow for Spain's Ono: ReutersVodafone has agreed to buy Spain's largest cable operator, Ono , for 7.2 billion euros ($10 billion), the latest hefty deal in a European telecoms sector starting to rebuild as the region recovers from a recession, sister news service Reuters reported. Ono is 54 percent owned by a group of large buyout shops.
- Vodafone paying 10.4x cash flow for Spain's Ono
Vodafone has agreed to buy Spain’s largest cable operator, Ono, for 7.2 billion euros ($10 billion), the latest hefty deal in a European telecoms sector starting to rebuild as the region recovers from a recession.
- RLPC: SunGard spinoff SunGard Availability preps $1.275B in debt
PE-backed SunGard Availability Services is coming to market with a $1.275 billion credit in connection with its spinoff from SunGard Data Systems, according to a report from Thomson Reuters Loan Pricing Corp. Sungard and the spinoff are principally owned by seven private equity firms, including Bain Capital Partners, The Blackstone Group and Kohlberg Kravis Roberts & Co.
Vodafone reaches preliminary deal to buy Spain's PE-backed Ono: ReutersBritish telecom group Vodafone has reached a preliminary deal to buy Spanish cable group Ono after raising its initial bid for the company, two people with knowledge of the discussions told sister news service Reuters.