Providence Equity Partners related stories
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Providence, Airbridge Seek M7 Debt DealLuxembourg-based satellite TV business M7 is seeking to raise a 355 million euro ($469.5 million) loan to refinance its debt and pay a large dividend to its private equity owners, banking sources told sister service Thomson Reuters Loan Pricing Corp.
- Reuters: RLPC-Providence, Airbridge Seek Payout with M7 Debt Deal-Sources
Luxembourg-based satellite TV business M7 is seeking to raise a 355 million euro ($469.5 million) loan to refinance its debt and pay a large dividend to its private equity owners, banking sources told Reuters.
- Providence Equity to Buy 5 Corporate Training Units from Informa for $180 Mln
Informa plc said Friday it has agreed to sell five Corporate Training businesses to Providence Equity Partners for a total consideration of up to $180 million. The initial $165 million includes $100 million in cash plus a $65 million vendor loan. Informa will get another $15 million in 2014 if the businesses achieve a certain level of revenue by 2013. Moelis & Co. advised Informa. Switzerland-based Informa is an academic publishing, business information and events group.
- Reuters: Providence's Altegrity Looks to Sell $1 Billion Unit - sources
Altegrity Inc, owned by private equity firm Providence Equity Partners, is looking to sell a division that provides background checks for private-sector employers and could fetch up to $1 billion, sources told Reuters.
- Oregon Investment Council Lifts Allocation Target To 20 Percent
While private equity investments by the Oregon Investment Council now comprise about 22 percent of its $62.4 billion retirement fund, its official ceiling for its buyout holdings remained at only 16 percent—up until now. Moving to match its long-term allocation target to its existing position in private equity funds, the Oregon council OK’d plans to hike its long-term allocation to 20 percent.
Snowden Fallout Comes at Bad Time for Private Equity(Reuters) - The Edward Snowden saga may be a headache for his former employer Booz Allen Hamilton Corp and its 67 percent owner, the private equity firm Carlyle Group LP, but it could turn out to be a bigger problem for some of Carlyle's rivals.
PE Firm Boyu Capital Planning $1.5B Fund Focused on China(Reuters) - Private equity firm Boyu Capital, whose partners include former TPG executive Mary Ma and the grandson of former China president Jiang Zemin, is planning to raise its second fund and is seeking $1.5 billion, according to people familiar with the matter. Boyu will launch the fund in the second half of the year, continuing its focus on investing into Chinese companies, the sources say.
- LP Scorecard: Oregon's Top and Bottom Five Buyout Performers
A 1996 vintage media and communications fund from Providence Equity Partners is tops among buyout funds backed by the Oregon Investment Council, according to performance data as of year-end. A 2006 vintage financial-services fund managed by J.C. Flowers & Co. brings up the rear.