Providence Equity Partners related stories
All articles and analysis
Providence seals 4.5x exit on sports channelThe firm will partially exit its investment in broadcasting company YES Network, which Providence created alongside a group of co-investors including Goldman Sachs in 2001.
- Providence in China exit to Baidu
Providence Equity Partners has revealed it will exit an online video platform in a sale to Baidu, just after the US-based private equity firm opened a Beijing office.
- Fiserv Buys Open Solutions
Fiserv has acquired Open Solutions, which was backed by the Carlyle Group and Providence Equity Partners. The purchase price was $55 million and Fiserv assumed about $960 million of debt. Fiserv will also receive a tax asset with a net present value of about $165 million. Glastonbury, Conn.-based Open Solutions is a technology provider to banks, thrifts and credit unions.
- Report: Private Equity Firms in Talks to Take Dell Private
Dell is in talks with two private equity firms to go private, Bloomberg News reports.
- TIM Hellas offers buyout firms second pay-out
Texas Pacific Group and Apax Partners are reportedly refinancing the Greek mobile company for a second time to take a dividend payment, which will take proceeds to more than twice the firm’s original investment.
- Providence loses managing director to Comcast
Michael Angelakis has agreed to become the cable provider’s new chief financial officer in 2008.
- Providence Euity Buys Miller Heiman
Providence Equity Partners has acquired Miller Heiman. Financial terms were not announced. Reno, Nevada-based Miller Heiman is a sales performance training and consulting firm.
- OTPP in C$1.1bn data centre club deal
The Ontario Teachers’ Pension Plan, Providence Equity Partners and Madison Dearborn Partners combined to contribute C$420m in equity for Canadian data centre Q9 Networks.
- Wisconsin commits $420m to private equity
The $83bn retirement system committed to five funds in the third quarter, including up to $100m each for Leonard Green & Partners, Providence Equity Partners and Vista Equity Partners.
- Providence's 5x exit comes at the right time
Providence has completed its exit from Kabel Deutschland after an 18 month process that began with an IPO last year. The return generated bolsters the firm's latest fundraising effort.