Providence Equity Partners related stories
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Media heavyweights face off in lawsuitMedia specialist ABRY Partners has levied a lawsuit against Providence Equity Partners, saying the Rhode Island-based group misled it in its $500m purchase of F&W Publications. Market observers are split as to who may be at fault.
- SunGard sold for $11.3bn
In the largest private equity deal since the RJR Nabisco buyout in 1989, a group of seven private equity firms led by Silver Lake Partners has agreed to buy financial software company SunGard.
- Warner files for IPO
Warner Music Group, bought by Thomas H. Lee Partners, Bain Capital and Providence Equity Partners for $2.6 billion last March, has planned a $750 million IPO.
- Race for €12bn Spanish LBO gathers speed
A consortium comprising Apax, Blackstone and CVC has made a new offer for the Spanish telecommunications company Auna as rival KKR joins the fray.
- Buyout groups in fundraising boom
It may only be April, but it is already becoming clear that total funds raised by buyout firms around the world this year will shatter the total garnered in 2004.
- Quadrangle holds $1bn first close
The New York-based media and telecommunications specialist is targeting between $1.25bn and $1.6bn for its second fund.
- Spain’s Amadeus agrees €4.3bn buyout
Reports today indicate that the shareholders of Spanish travel services firm Amadeus have agreed to sell the company to BC Partners and Cinven in a €4.3bn buyout.
- Unigestion closes fourth FoF on €200m
The Geneva-headquartered firm has announced a final close of its latest fund of funds ahead of a €150m target.
- Providence, 3i take Crown for $242m
Providence Equity Partners, 3i Group and UK television executive David Elstein have agreed to buy the international business of Crown Media, owner of Hallmark Channel.
- Blackstone builds B2B media platform
The New York private equity firm has established a new platform with publishing veteran Robert Krakoff to invest in business-to-business communications and media companies.