Providence Equity Partners related stories
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European private equity on course for record yearThe value of buyouts during the first three quarters of this year already exceeds the total for the whole of 2004.
- CVC launches €1.4bn retail takeover
The European private equity firm has launched a €1.4bn agreed takeover bid for Spanish clothing retailer Cortefiel on top of its bid for cable and wireless group Auna.
- American Capital recruits Les Brownlee
American Capital Strategies has brought on board Les Brownlee, the former Acting Secretary of the US Army, hoping the hire will boost its activity in the federal contracting space.
- Warner IPO hits low note
Warner Music Group’s high profile IPO raised about $554m for the music conglomerate’s private equity backers, well off the anticipated $750 million projection.
- Trio in $1.2bn radio deal
The Blackstone Group, Bain Capital and Thomas H. Lee Partners have teamed up with Cumulus Media to acquire Susquehanna Radio in $1.2bn deal.
- Spinning like a broken record?
About a year ago, a consortium of private equity firms led by Edgar Bronfman bought Warner Music Group (WMG) for $2.6bn. As the company plans to go public, one of their own acts is throwing a platinum album into the works, writes Aaron Lovell.
- Blackstone floats satellite operator
Six months after its acquisition of New Skies Satellites, The Blackstone Group has taken the satellite operator public in a $200m IPO, valuing the firm’s equity at almost three times its initial investment.
- EQT, GS offer €3bn for ISS
EQT and Goldman Sachs Capital Partners have made a €3bn cash bid for Danish facility services company ISS.
- Blackstone sees $12bn in LP interest
The New York private equity giant is telling LPs that is has demand for as much as $12bn for its next private equity fund, currently in pre-marketing mode.
- Providence buys into Spanish media group
Specialist private equity group Providence Equity Partners has secured a 25.5% stake in Retos Cartera, beating competition from Apax, Blackstone, Permira and PAI.