Providence Equity Partners related stories
All articles and analysis
USIS fraud charge a fresh distraction for Providence company Altegrity: UPDATEFraud charges by the U.S. Department of Justice against the company that conducted a background check on former National Security Administration contractor Edward Snowden mark a setback for Altegrity Inc, a portfolio company of Providence Equity Partners facing a fresh debt downgrade.
- PE-owned SunGard spins off availability services business
SunGard said Friday that it will spin off its availability services business on a tax-free basis to its stockholders, which include its private equity owners. SunGard's remaining businesses will be in financial systems, public sector and K-12 education. The transaction is expected to close as early as the end of the first quarter of 2014. Headquartered in Wayne, Penn., SunGard is a software and technology services firm. It is owned by consortium of private equity owners that include Bain Capital Partners, The Blackstone Group, Goldman Sachs, KKR, Providence Equity Partners, Silver Lake and TPG.
- Linden hires Providence exec(2)
The firm has added two operating executives this year, bringing its team of operating partners to nine.
- Providence commits $250m to partnership with NFL(2)
Providence will commit capital from its Fund VI to the partnership, which will target growth equity investments in North America, Europe and Asia.
- PE collusion case continues(2)
A federal judge refused to dismiss a case alleging some of the world’s top LBO firms colluded on mega-deals made during the industry’s golden era, but said plaintiffs have fallen short of proving an overarching conspiracy.
- Altas adds principal from Providence Equity(2)
Andrew Sheiner's Altas Partners has hired Scott Werry from Providence Equity Partners, bringing the Altas team to seven individuals.
- China-focused Boyu Capital raises $1.5 bln for 2nd buyout fund -- Reuters
China-focused private equity firm Boyu Capital, whose partners include former TPG Capital executive Mary Ma and the grandson of former Chinese president Jiang Zemin, has raised $1.5 billion for its second buyout fund, according to people with knowledge of the matter.
- Onex's Emerald Expositions completes GLM acquisition
Emerald Expositions, a portfolio company of Toronto-based private equity firm Onex Corp., has closed its buy of George Little Management for $335 million. The seller was Providence Equity Partners. Based in White Plains, New York, GLM is a tradeshow company.
Onex's Emerald Expositions completes $335 mln purchase of GLMEmerald Expositions Inc, a portfolio company of Canadian private equity firm Onex Corp, has completed its previously-announced buy of trade show specialist George Little Management LLC (GLM) for US$335 million. The seller was U.S. private equity firm Providence Equity Partners, which acquired the White Plains, New York-based GLM in 2011. Onex Partners III invested US$140 million in the acquisition, with the balance funded by Emerald Expositions with debt. Onex bought /canada/2013/06/17/onex-closes-950m-buy-newly-minted-emerald-expositions/ the San Juan Capistrano, Calif.-based company, an operator of business-to-business trade shows and conferences, for US$950 million in 2013.
- PE-owned Blackboard buys academic platform MyEdu
Blackboard, a portfolio company of Providence Equity Partners, said Wednesday that it has acquired MyEdu. No financial terms were disclosed. Based in Austin, Texas, MyEdu is an academic and careers platform that helps students complete college and find internships and jobs.