Providence Equity Partners related stories
All articles and analysis
Boyu Capital raises $596mThe Hong Kong-based firm is targeting $1.5 billion.
Need to meet Denise Valentine, analyst, Aite GroupA growing number of buyout shops are adopting dedicated financial management technology to manage various aspects of their operations. A key reason, says Denise Valentine, an analyst at the research firm Aite Group LLC of Boston, has less to do with the Dodd-Frank financial reform law or their role as registered investment advisers and more to do with institutional credibility.
Big pension PE portfolios have room to growThe rally in the U.S. equities market last year means that the largest U.S. public pension funds have room to grow their private equity portfolios, according to an analysis by Buyouts.
Providence to make 3x its money with AutoTrader saleProvidence Equity Partners, which completed fundraising for its seventh pool last year, is exiting AutoTrader Group after a more than three year hold.
- Providence seals $1.9bn AutoTrader exit
The firm has generated a 3x return multiple from its minority stake in AutoTrader.
- Providence Equity sells AutoTrader stake to Cox
Cox Enterprises has acquired Providence Equity Partner's 25 percent equity interest in AutoTrader Group. Cox now holds a 98 percent stake in AutoTrader Group, with the remainder being held by current and former employees. Financial terms of the transaction were not disclosed. AutoTrader operates the largest digital automotive marketplace in the U.S.
Onex's Emerald Expositions to acquire GLM from Providence for $335 mlnEmerald Expositions Inc, a portfolio company of Canadian private equity firm Onex Corp, has agreed to buy George Little Management LLC (GLM) for US$335 million. The seller in the transaction is U.S. private equity firm Providence Equity Partners, which acquired the White Plains, New York-based tradeshow company in 2011. The deal, which will be funded by around $200 million of debt and a $140 million equity investment from Onex Partners III, is expected to close in Jan. 2014. Onex earlier this year acquired Emerald Expositions, a San Juan Capistrano, Calif.-based operator of business-to-business trade shows and conferences, for US$950 million.
- Providence Equity Partners exits GLM
Emerald Expositions has agreed to buy George Little Management from Providence Equity Partners for $335 million. Based in White Plains, New York, GLM is a tradeshow company.
- Flurry of IPOs provides exits for some mega-buyouts; others languish
A flurry of recent initial public offerings has paved the way for successful exits for the sponsors of the some of the biggest leveraged buyouts of the past decade, but the fate of the remaining handful of companies in private equity portfolios remains uncertain at best.
- Chernin buys anime site Crunchyroll to expand online video assets-Reuters
The Chernin Group, former News Corp president Peter Chernin's holding company, said on Monday it had acquired majority control of Japanese anime streaming service Crunchyroll, expanding holdings that include stakes in online video company Fullscreen and mobile entertainment network Scopely.