Providence Equity Partners related stories
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Providence grows Hong Kong team with GA hireSean Tong, formerly a managing director at General Atlantic, has quit the firm to join Providence Equity Partners' Hong Kong office.
- Euro sceptic
The European Parliament’s proposal to regulate private equity seems unlikely to change things much at all, writes Toby Mitchenall.
- Providence in $290m deal for Asian call centre business
Providence's new deal expands the firm's investments in Asia to more than $1bn.
- Informa bidders back off
Unprepared to up their offer of 450 pence per share, Providence, Carlyle and Blackstone have walked away from the deal for London-based publisher Informa.
- UK media group rejects reduced £1.9bn bid
The reduced takeover offer for Informa, publisher of Lloyd's List, by Providence Equity Partners, The Carlyle Group and The Blackstone Group has come after a shake-up in the original consortium that offered £2.15bn for the company in late June.
- AIG’s $30bn alternatives business hangs in balance
As the US insurance giant struggles to raise capital, the fate of the firm’s substantial private equity business remains uncertain. AIG Investments has not been placed for sale as part of its parent’s capital raising measures.
- Report: PE firms vie for $2.5bn Asian telecoms deal
TPG, MBK Partners, Providence and Macquarie are reportedly among the firms that have made it through the first round of bidding for the media and telecommunications assets of Hong Kong-listed PCCW. Apax, Bain and Carlyle may also be second-round bidders.
- Cinven’s Munton takes a step back
After nearly 30 years in the buyout industry, one of Cinven’s founding partners is scaling back his time commitment to the firm as it prepares to raise between €8bn and €10bn for its fifth fund. Cinven is also reportedly among the bidders for Anglo-Dutch media group Reed Elsevier, expected to fetch roughly £1bn.
- TXU sells $1.25bn stake in electricity distributor
TPG, Kohlberg Kravis Roberts and Goldman Sachs have sold a minority stake in the electricity distribution arm of portfolio company Energy Future Holdings, formerly TXU. The sale is the first since the record $45bn buyout closed in October 2007.
- Apollo, Blackstone to acquire $13bn in LBO loans
The private equity mega-firms have agreed to purchase some $8bn in debt from Royal Bank of Scotland in addition to $5bn in debt related to the $18bn buyout of Clear Channel by Bain Capital and Thomas H Lee.