Providence Equity Partners related stories
All articles and analysis
Providence Equity, NFL, Kick off $300M PartnershipWhile a PE firm might seem like a strange bedfellow for an enterprise like the NFL, Providence Equity Partners is an investment firm that has had major successes investing in digital and traditional media alike.
Reuters - NFL, Providence Equity Form Strategic Investment PartnershipThe National Football League and Providence Equity Partners have formed a strategic partnership to focus on investing in sports- and entertainment-related media assets, writes Reuters. The NFL and the New York-based private equity firm said they will commit equity and jointly operate the global strategic partnership. Terms of the commitments were not public.
- NFL and Providence Form Media Partnership
The National Football League and Providence Equity Partners have formed a global strategic partnership to invest primarily in sports and entertainment-related media assets. The NFL and Providence will each commit equity to the partnership and operate it jointly, leveraging the NFL and Providence’s media expertise. The partnership will target growth equity investments of approximately $25 to $50 million in private companies around the world and have the capacity to make larger investments as needed.
- Linden Capital Partners Adds Operating Partner to Team
Linden Capital Partners has added Eran Broshy as an operating partner. Broshy joins Linden from Providence Equity Partners and will work closely with Linden’s team focusing on investments in the provider, payer, and pharmaceutical services spaces.
- Canadian PE Values Total $11.6B in 2012, Deal Volume Sets New Record
Buyout and related private equity (PE) deal-making in Canada showed sustained momentum in 2012, with disbursements totaling C$11.6 billion, just edging out the C$11.5 billion of 2011, reported Thomson Reuters (publisher of peHUB Canada). Additionally, deal volume in the Canadian market was the highest on record. Control-stake buyouts, minority investments, and other PE transactions totaled 313 last year, up 4% from 2011, when the previous record was set. Fund-raising activity also increased, with a total of C$4.6 billion in new capital commitments going to 23 domestic funds, up 24% from the year before.
- Vodafone Looks to Fixed Buys to Escape Mobile Squeeze
Vodafone's interest in Germany's biggest cable company Kabel Deutschland could foreshadow more fixed network acquisitions, notably in Spain, as it tries to keep up with tightening competition in Europe, Reuters reported. The reason: Vodafone is facing a squeeze between low-cost mobile challengers and telecom and cable rivals increasingly pushing discounted, all-included mobile and fixed bundles to keep customers. It paid $2.2 billion last year for Cable and Wireless Worldwide in Britain and Telstra in New Zealand and also looked at buying Kabel Deutschland before it went public in 2010.
- LP Scorecard: Oregon's Top Five and Bottom Five KKR Bets
Oregon Investment Council, which runs the approximately $60 billion Oregon Public Employees Retirement Fund, has committed over $7 billion to 18 KKR vehicles since it started investing in private equity in 1981. The top performer of the KKR portfolio is its 1983 investment in the KKR 1982 Fund, which posted an IRR of 39.7 percent and multiple of 3.3x as of September 30.
- Providence's Scott Werry Joins Altas Partners
Scott Werry, who worked at Providence Equity Partners since 2005, has joined Altas Partners as a Principal. Mr. Werry's experience includes serving on the Board of Directors of Q9 Networks Inc., acquired in a buyout deal in 2012, and a role at McColl Partners, a mid-market investment banking firm. The Toronto-based Altas, which is focused on core private equity and long-term investment horizons, was founded in 2012 by Andrew Sheiner, former Managing Director at Onex Corp.