Providence Equity Partners related stories
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Deutsche Bank forms venture capital unitDB Ventures will invest E1bn in young European telecommunications, Internet and technology companies.
- Slideshow: A Look At How Mega-Funds Perform For CalSTRS
European powerhouse CVC Capital Partners takes the crown in this week’s battle of the U.S. and European mega-buyout houses, securing first place in our list of top 10 funds based on private equity performance figures from California State Teachers’ Retirement System. U.S. and European firms both account for five of the top-10 spots with The Blackstone Group coming in a close second place.
- Web TV service Hulu’s Revenue Hits Nearly $700M
Hulu, the privately held Internet streaming TV service, will generate about $695 million in revenue in 2012 and finish the year with more than 3 million paying subscribers, the company's CEO said on Monday.
- Reuters – KKR Jumps into Leighton Auction
KKR & Co. has jumped into the auction for the fibre-optics business being sold by Australian contractor Leighton Holdings Ltd, a source familiar with the process told Reuters, eyeing a business that analysts say could fetch as much as A$870 million ($918 million). KKR's entry into the NextGen sale pits it against rival Providence Equity Partners and Australian telecommunications group TPG Telecom and underscores buyout firms' strong interest in one of Asia-Pacific's busiest private equity markets.
- Reuters - Providence Equity Partners In Running for NextGen
U.S. buyout firm Providence Equity Partners is among suitors advancing to the second round of bidding for Leighton Holdings' Australian fibre-optic network NextGen, sources said, in a deal some analysts see fetching between A$625 million and A$870 million ($657 million-$910 million). Leighton, controlled by Spain's ACS, is selling the inter-city fibre-optic business NextGen and two smaller data businesses Metronode and Infoplex to pay down debt.
- SunGard to Pay First Dividend, $720 Million, Since Going Private Seven Years Ago
SunGard Data Systems is looking to pay out its first dividend since being acquired by a group of private equity firms in 2005.
- Reuters – ProSieben Expecting Two Bids for Nordic TV Channels
ProSiebenSat.1 is expecting two bids for its Nordic TV channels, valued at more than 1 billion euros ($1.3 billion), Reuters reported, citing five people familiar with the situation said. Rival TV group Discovery Communications and private equity group Providence Equity Partners are expected to table bids for ProSieben's Scandinavian assets, including Sweden's Kanal 9, Norway's TV Norge, and Kanal 4 in Denmark, the people said.
- Reuters - TDC Owners Reduce Stake
The main owners of Denmark's TDC have raised nearly 3 billion Danish crowns ($521.5 million) from the sale of stock in the telecoms group, reducing their stake for a second time this year. NTC Holding, a consortium of investment firms Apax Partners, the Blackstone Group LP, Kohlberg Kravis Roberts, Permira Advisers and Providence Equity Partners, said on Tuesday it had sold 80 million shares in TDC.