Providence Equity Partners related stories
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Warner IPO hits low noteWarner Music Group’s high profile IPO raised about $554m for the music conglomerate’s private equity backers, well off the anticipated $750 million projection.
- Trio in $1.2bn radio deal
The Blackstone Group, Bain Capital and Thomas H. Lee Partners have teamed up with Cumulus Media to acquire Susquehanna Radio in $1.2bn deal.
- Spinning like a broken record?
About a year ago, a consortium of private equity firms led by Edgar Bronfman bought Warner Music Group (WMG) for $2.6bn. As the company plans to go public, one of their own acts is throwing a platinum album into the works, writes Aaron Lovell.
- Blackstone floats satellite operator
Six months after its acquisition of New Skies Satellites, The Blackstone Group has taken the satellite operator public in a $200m IPO, valuing the firm’s equity at almost three times its initial investment.
- EQT, GS offer €3bn for ISS
EQT and Goldman Sachs Capital Partners have made a €3bn cash bid for Danish facility services company ISS.
- Blackstone sees $12bn in LP interest
The New York private equity giant is telling LPs that is has demand for as much as $12bn for its next private equity fund, currently in pre-marketing mode.
- Providence buys into Spanish media group
Specialist private equity group Providence Equity Partners has secured a 25.5% stake in Retos Cartera, beating competition from Apax, Blackstone, Permira and PAI.
- Media heavyweights face off in lawsuit
Media specialist ABRY Partners has levied a lawsuit against Providence Equity Partners, saying the Rhode Island-based group misled it in its $500m purchase of F&W Publications. Market observers are split as to who may be at fault.
- SunGard sold for $11.3bn
In the largest private equity deal since the RJR Nabisco buyout in 1989, a group of seven private equity firms led by Silver Lake Partners has agreed to buy financial software company SunGard.
- Warner files for IPO
Warner Music Group, bought by Thomas H. Lee Partners, Bain Capital and Providence Equity Partners for $2.6 billion last March, has planned a $750 million IPO.