Providence Equity Partners related stories
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SocialRadar Raises $12.75 Mln in Series A FundingSocialRadar said on Wednesday that it has closed $12.75 million in Series A funding. Lead investors were New Enterprise Associates, Grotech Ventures and SWaN & Legend Ventures. Also participating in the round were Steve Case, co-founder of America Online; Ted Leonsis, owner and CEO of Monumental Sports & Entertainment; Dave Morin, co-founder and CEO of Path; Steven Gruber, managing partner at Oak Hill Capital Partners; and Mark Ein, CEO of Venturehouse Group and owner of the Washington Kastles. SocialRadar is a provider of social location-based technology.
- Private Equity Tests Market with CDW IPO
Technology products retailer CDW Corp, which was taken private by Madison Dearborn Partners LLC and Providence Equity Partners for $7.3 billion in 2007, expects to raise up to $738 million in its initial public offering, Reuters reported.
- Reuters - Providence Equity Suffers Senior Asia departure
Providence Equity Partners has lost another top executive in Asia, its fourth senior departure in the region since 2008, as it struggles with a limited supply of suitable investment targets and a shrinking volume of Asian private equity deals, writes Reuters. Patrick Corso, a senior managing director, has stepped down as head of Providence's Hong Kong office, people familiar with the move told Reuters.
- GLM Buys Pier Antiques, Antiques at the Armory Show
GLM, which is backed by Providence Equity Partners, has acquired the Pier Antiques Show and the Antiques at the Armory Show. Stella Show Management Company was the seller. Financial terms were not announced. White Plains, N.Y.-based GLM produces and markets tradeshows serving the retail industry.
- Beaumont Joins Providence Equity
Renée Beaumont is joining Providence Equity Partners as an MD and Global Head of Business Development effective May 15. Beaumont joins Providence from Goldman, Sachs & Co. where she was most recently as an MD in the firm’s Merchant Banking Division.
- GE Capital Ramps Up Lending For Tech Buyouts
Sensing a growing appetite for buyout deals in the tech sector, GE Capital Corp. is boosting its lending capacity in the category, an executive of the company told Buyouts.
Desire2Learn's Secret to Success with (and without) Venture CapitalDesire2Learn founder and CEOJohn Baker explains why he decided to raise growth capital after 13 years of going it alone -- and how New Enterprise Associates and OMERS Ventures have helped the Ontario-based company supercharge its growth.
- Providence Moves Beyond Media, Tech With New Debt Fund
Providence Equity Partners has formed a special situations debt fund, Providence Debt Opportunity Fund III LP, which will—for the first time—make investments outside the firm’s core specialization in media, technology and education companies, according to an April presentation made to the Louisiana Teachers’ Retirement System. The fund has a target of $500 million.
Reuters - Former News Corp President Chernin Bids for HuluFormer News Corp president Peter Chernin has bid around $500 million for Hulu, the online video streaming service he helped create in 2007, writes Reuters. The website, jointly controlled by News Corp and Walt Disney Co, reached out to potential buyers in March after initially contemplating a deal in which one would buy out the other. It is not clear whether that transaction is still being contemplated, writes Reuters.