Providence Equity Partners related stories
All articles and analysis
Reuters - Ontario Teachers, PCCW Bid for Leighton AssetsCanadian pension fund Ontario Teachers' Pension Plan has emerged as a final-round bidder for the fibre-optics business of Leighton Holdings Ltd, writes Reuters. The business could fetch as much as A$870 million ($908.15 million), writes Reuters.
- SEC registration reveals pub fight, fines
Firms have been filing registration documents since last year to meet the 30 March deadline. And for some firms, the documents include some ‘embarrassing’ disciplinary history.
- AXA sells home shopping business to Providence
Providence is investing in Home Shopping Europe from its sixth fund that closed on $12bn in 2007. AXA will retain a minority stake in the business.
- Florida SBA buys stake in Providence Equity
The $126bn pension has purchased a minority stake in Providence Equity Partners alongside another of the firm’s LPs. The two LPs together will own less than a 10% stake in the firm.
- Providence boosts LP distributions to $4.3bn
The $200m exit of Hulu brings Providence’s LP distributions to $4.3bn since July 2011 and comes roughly two months before the firm expects to close its seventh fund.
- Providence executive Richardson steps back
As the firm enters the homestretch on fundraising, managing director Julie Richardson has announced she will move into a senior advisory role.
- Providence expects $5bn for Fund VII
Fund VII will raise less than its original $6bn target, according to remarks made at the firm's annual meeting by CEO Jonathan Nelson.
- Insurance company buys stake in MatlinPatterson
Allied World Assurance's investment in the Mark Patterson-led firm follows Florida SBA's purchase of an interest in Providence Equity Partners last month.
- Florida pledges $800m to buyout, debt funds
The $157bn system committed a total of $1.25bn across alternative investments during the third quarter of 2012.
- Internal e-mails used in collusion case
Private equity executives’ emails are being used as evidence that some of the world’s most prominent firms allegedly colluded on mega-buyouts between 2003 and 2007, in an effort to drive down prices and limit competition.