Providence Equity Partners related stories
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Diamond Castle closes $1.8bn debut fundThe DLJ spinout led by Larry Schloss has already made six investments, representing approximately 40 percent of the capital raised.
- US buyout groups join BVCA
Bain Capital, Blackstone, Carlyle and KKR have signed up to the BVCA, a UK trade body, as the industry continues its charm offensive.
- Harrah’s gets $15bn buyout offer
The bid by Apollo Management and Texas Pacific for the Las Vegas-based casino giant could mark one of the year’s largest buyouts.
- Kelting to head European leveraged finance at Barclays
David Kelting, the joint head of Barclays Capital’s sponsor origination team, has been promoted head of European leveraged finance, replacing Chris Coles, who is going on sabbatical.
- ITV agrees TV3 sale to Doughty Hanson
ITV, a UK broadcaster, has sold its 45% stake in TV3 for £70m as part of a €265m transaction for the whole of the Irish television channel by Doughty Hanson.
- Buyout firms push up Caudwell price to £1.5bn
Mobile phone company founder John Caudwell has sold out to private equity netting more for his stake in the business than analysts had predicted for the entire group.
- Misys opens books to private equity
Permira and General Atlantic Partners and a consortium led by Silver Lake Partners have been given the go ahead to carry out due diligence on Misys, a banking and healthcare software group.
- Providence, Doughty to pay £1bn for Caudwell Group
Providence Equity Partners and Doughty Hanson, two buyout firms, will buy the Caudwell Group, a UK mobile telephony group which owns the Phones 4 U brand, for £1bn.
- Grupo Televisa meets with rival bidder about Univision
In a new twist, representatives from Grupo Televisa, Mexico’s largest broadcasting company, met with the consortium of private equity firms that recently outbid the company in an auction to acquire the Spanish-language media giant Univision.
- Warburg and Cinven buy Essent Kabelcom for €2.6bn
Warburg Pincus and Cinven, the US and European private equity firms, have won a €2.6bn auction to buy Essent Kabelcom, a Dutch cable operator, following the withdrawal of Liberty Global, a US cable business.