Providence Equity Partners related stories
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Merrill to buy C$475m BCE stake(2)Five weeks after shareholders approved the C$49 billion BCE buyout, the largest proposed LBO to date, Teachers, Providence and Madison Dearborn have agreed to sell a C$475 million stake in the Canadian telecom to Merrill Lynch.
- Moody’s highlights financial engineering in buyouts
Large US buyout firms cash out the majority of their equity in a third of deals before they fully exit, but default rates across large private equity companies remain minimal.
- Onex to pay C$960m for plastics molding company(4)
Onex will pay C$960m for TSE-listed Husky Injection Molding Systems, offering shareholders a 38.6 percent premium over the company’s closing price on 27 September.
- Advent exits radiology investment
The buyout firm has agreed to sell American Radiology Services for $151 million to a publicly traded Canadian healthcare company.
- Study finds buyouts boost jobs
The Private Equity Council has released a report that contradicts an academic study set to be presented at the Davos summit next week.
- Shareholders approve $49bn BCE buyout(4)
BCE shareholders have approved the Canadian telecom company’s sale to Teachers, Providence and Madison Dearborn. But the $49 billion transaction, the largest proposed buyout to date, still faces regulatory hurdles.
- Onex to pay C$960m for plastics molding company(3)
Onex will pay C$960m for TSE-listed Husky Injection Molding Systems, offering shareholders a 38.6 percent premium over the company’s closing price on 27 September.
- Blackstone fees boost bank profits
For the second year running Blackstone was the biggest single generator of financial sponsor-driven revenue for investment banks, paying $646 million in fees last year.
- Pension to invest $150m with emerging PE managers
The Los Angeles County Employees’ Retirement Association plans to increase its investments with emerging private equity managers and large cap funds.
- Shareholders approve $49bn BCE buyout(3)
BCE shareholders have approved the Canadian telecom company’s sale to Teachers, Providence and Madison Dearborn. But the $49 billion transaction, the largest proposed buyout to date, still faces regulatory hurdles.