Providence Equity Partners related stories
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Intelsat sold for $3bnApax, Apollo, Madison Dearborn and Permira agree to buy the global satellite company months after it abandoned an IPO attempt.
- Terra Firma double bill
The buyout group has beaten off competition from rivals to acquire two of the UK’s leading cinema chains Odeon and UCI for close to £600m.
- Report: Cinven close to cable deal
A consortium led by UK-based buyout house Cinven is reported to be in exclusive negotiations to buy the cable TV assets of France Telecom and Vivendi for €500m.
- Equity trio backs $3bn MGM buyout
Providence Equity, Texas Pacific and DLJ Merchant Banking have announced an agreement with Sony America to buy Hollywood studio Metro-Goldwyn-Mayer in a deal that would eventually distribute more than 4,100 movies via cable network Comcast.
- Providence closes $4.25bn fund
The Rhode Island-based buyout group’s fifth fund, which attracted almost $9 billion in potential LP commitments, will continue to invest in media and communications companies.
- PE-backed billing firm buys rival
MACH, the Luxembourg-based billing services provider owned by Advent International and Providence Equity Partners, has acquired Danish rival Dan Net for €160m.
- TH Lee Partners to recap futures trader
The Boston firm has agreed to buy a majority stake in Refco in a deal valuing the futures brokerage house at $2.25bn.
- KKR to sell on part of PanAmSat
Kohlberg Kravis Roberts has agreed to sell part of its stake in the satellite operator to The Carlyle Group and Providence Equity Partners shortly after the deal closes.
- Apollo to buy Borden for $1.2bn
The New York firm has agreed to acquire Borden Chemical from buyout house Kohlberg Kravis Roberts in its second specialty chemical purchase in little more than a month.
- Blackstone, Providence in multibillion recap
The two firms have secured a 40 percent stake in media conglomerate Freedom Communications, which is estimated to be worth between $1.5 billion and $2 billion.