Providence Equity Partners related stories
All articles and analysis
PCCW take-private bid under investigationThe telecoms company, eyed by private equity firms in the past, is under investigation for vote-rigging allegations, after shareholders recently voted to delist the company.
- Accused of collusion
Christopher Witkowsky explains why 14 private equity firms may have to defend themselves in a Massachusetts court.
- Goldman vet takes IR helm at BC Partners
Charlie Bott , the former head of Goldman Sachs’ European financial sponsors group, will co-head BCP’s investor relations as it prepares to raise Fund IX next year.
- BC Partners makes top management changes
Chairman Jens Reidel has stepped down as part of a planned retirement process, handing co-chairman roles to managing partners Francesco Loredan and Raymond Svider. Next month John Hosgood, Barclays’ former co-head of leveraged finance, will join the firm to lead a push into credit strategies that will be largely focused on purchasing debt in its own deals.
- PCCW take-private bid raised at last minute
Richard Li and China Netcom, two of the telecom company's largest shareholders, have upped their offer from HK$4.20 to HK$4.50 per share, in a bid to win over minority shareholders.
- BCE sues for C$1.2bn break-up fee
The telecom company has filed a lawsuit against Ontario Teachers’ Pension Plan, Providence Equity Partners and Madison Dearborn Partners arguing that it is owed payment following the consortium’s cancellation of the agreed C$52bn take-private.
- A new chapter
The death of the BCE deal marks the end of one cycle but signals hope for another, writes Suzanne Weinstock.
- BCE sale falls through
After a protracted 18-month sale process, the Ontario Teachers’-led consortium has finally pulled the plug on what would have been the largest buyout ever. The shareholders of BCE are now looking to secure a C$1.2bn break-up fee.
- BCE denies alternative offer
The Canadian telecom giant said it received no alternative offer from its private equity suitors over its record $40bn take-private. Ontario Teachers' and Providence Equity Partners were reportedly contemplating minority stakes.
- BCE buyout hits another snag
KPMG has told BCE that it cannot deliver a solvency opinion before the 11 December scheduled closing of the $42bn transaction.