Providence Equity Partners related stories
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- Reuters - PE Owners Sell Stake in TDC
The main owners of Danish telecom operator TDC have agreed to sell shares in the company worth about 3.28 billion Danish crowns ($588.67 million) at recent prices, Reuters wrote. NTC Holding - a consortium of investment Apax Partners, the Blackstone Group LP, Kohlberg Kravis Roberts, Permira Advisers and Providence Equity Partners - will sell 80 million shares, or about 10 percent of TDC's share capital, TDC said in a statement late on Thursday. The former state-owned monopoly operator said it will not receive any of the proceeds of the accelerated offering.
Where Does Dell's $24.4 Bln Take-Private Rank Among LBOs?Yesterday, Dell announced it was being taken private in a $24.4 billion buyout from Silver Lake Partners and Michael Dell. The deal ranks as the biggest tech LBO ever.
- Friday Letter: global reach
The UK’s Walker code should be firmly on the radar of all global buyout firms.
- Friday Letter Business as usual
The long-awaited European Parliament’s proposal to regulate private equity seems unlikely to affect the buyout industry after all – and bodes well for US GPs, too.
- Friday Letter It's in the numbers
Investment bankers and their inflated bonus schemes have become the latest point of focus as people debate the cause and effects of today's financial turmoil. But as Terra Firma chief Guy Hands pointed out this week, the private equity industry’s traditional compensation structure is far from the investment bank bonus culture and - crucially - does not incentivise disproportionate risk-taking for personal gain.
- Providence Gets Six Month Extension To Finish Fund VII; Target $5B: Sources
Providence Equity Partners is getting more time to wrap up its latest mega-fund. The firm's LPs granted the media-focused PE firm a six-month extension, until June 30, to close its seventh fund, several placement and LP sources say.
- Friday Letter Confidence building
Investment and exit activity seen recently in Asia should provide a boost to the region’s flagging morale – and kick-start some private equity industry recovery.
- Friday Letter Going once, going twice
Auctions are back, with large firms lining up eagerly to deploy their capital.
- SEC Nominee Played Big Role In Fraud Case Involving PE
Mary Jo White has built an extensive record as a federal prosecutor and criminal defense attorney, but little in her background provides an indication how she will approach questions involving private equity if she becomes the chairwoman of the Securities and Exchange Commission. That said, she did play a prominent role in one portfolio company’s struggles.