Providence Equity Partners related stories
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Equity trio backs $3bn MGM buyoutProvidence Equity, Texas Pacific and DLJ Merchant Banking have announced an agreement with Sony America to buy Hollywood studio Metro-Goldwyn-Mayer in a deal that would eventually distribute more than 4,100 movies via cable network Comcast.
- Providence closes $4.25bn fund
The Rhode Island-based buyout group’s fifth fund, which attracted almost $9 billion in potential LP commitments, will continue to invest in media and communications companies.
- PE-backed billing firm buys rival
MACH, the Luxembourg-based billing services provider owned by Advent International and Providence Equity Partners, has acquired Danish rival Dan Net for €160m.
- TH Lee Partners to recap futures trader
The Boston firm has agreed to buy a majority stake in Refco in a deal valuing the futures brokerage house at $2.25bn.
- KKR to sell on part of PanAmSat
Kohlberg Kravis Roberts has agreed to sell part of its stake in the satellite operator to The Carlyle Group and Providence Equity Partners shortly after the deal closes.
- Apollo to buy Borden for $1.2bn
The New York firm has agreed to acquire Borden Chemical from buyout house Kohlberg Kravis Roberts in its second specialty chemical purchase in little more than a month.
- Blackstone, Providence in multibillion recap
The two firms have secured a 40 percent stake in media conglomerate Freedom Communications, which is estimated to be worth between $1.5 billion and $2 billion.
- Kabel buys rivals in €2.7bn LBO
Kabel Deutschland, Germany’s largest cable TV operator, jointly owned by Apax Partners, Providence Equity Partners and Goldman Sachs Capital Partners, has agreed to buy its three main rivals for €2.7bn.
- Apax, Spectrum spend $320m for broadcast co
The two firms will acquire NEP Broadcasting, a provider of equipment and services for live feeds of sports and entertainment events, from Wachovia Capital Partners.
- Eircom plans €3.5bn March flotation
Eircom, the Irish fixed-line telecom provider, is to be floated on the Irish and London Stock Exchanges by the Valentia private equity consortium, which acquired the business in October 2001.