Providence Equity Partners related stories
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CoachUp raises $6.7 mlnCoachUp, which helps connect athletes with private coaches via the desktop and a mobile app, has raised $6.7 million in Series A funding co-led by Point Judith Capital and General Catalyst Partners. Other new investors in the Boston-based company include Data Point Capital, Suffolk Equity Partners and individual investors, including Paul English (co-founder and CTO of Kayak.com) and Albert Dobron (managing director at Providence Equity Partners). Current investor Breakaway Ventures (Dennis Baldwin, former CMO of Reebok) also participated in the round. The company told peHUB that it had previously raised $2.2 million in seed funding from General Catalyst and Breakaway in November 2012. As part of the Series A round, Sean Marsh of Point Judith Capital has joined the board, which also includes David Fialkow of General Catalyst.
- Providence Equity Partners names new MD
Providence Equity Partners has hired Josh Empson as a managing director in the firm's New York office. Previously, Empson worked at NantCapital, an investment firm he co-founded. Headquartered in Providence, RI, Providence Equity Partners is a private equity firm focused on media, communications, education, and information companies.
- Providence adds MD from Boston Consulting Group
The firm has hired Karen Gordon as a New York-based managing director in its portfolio operations group.
- Ma steps down from HKEx listing committee
The Boyu Capital founder's decision comes as Alibaba's IPO remains undecided.
- Boyu, StanChart pair up for China café deal
The two firms have acquired an undisclosed stake in dessert café operator MCL to help the business grow its operations in China.
- LP Scorecard: Highs and lows of Mass PRIM’s mega buyout crop
The 2001 vintage First Reserve Fund IX was the top performing mega buyout fund as of June 30 in a scorecard of the $53.9 billion Boston-based Massachusetts Pension Reserves Investment Management Board.
- Providence buys into British theatre
The firm will acquire a majority stake in The Ambassador Theatre Group in a deal that values the company at £350 million, according to a source familiar with the matter.
- Altas Partners seals debut investment
The Toronto-based firm acquired industrial mineral products company NSC Minerals, Altas’s first investment since being founded last year by former Onex managing director Andrew Sheiner.
- Pomona nears target for Fund VIII
The firm has collected more than $1.1bn toward a $1.3bn target for its eighth secondaries fund, which launched in 2012.
- Providence Equity Partners agrees to buy majority stake in UK-based ATG
Providence Equity Partners has agreed to purchase a majority stake in The Ambassador Theatre Group. No financial terms were disclosed. As part of the transaction, Exponent Private Equity will retain a minority stake in ATG. UBS Investment Bank served as exclusive financial advisor to ATG and Exponent in the deal. Ingenious Corporate Finance and Weil, Gotshal & Manges aided Providence in the transaction. Based in the UK, ATG is a theater production company.