Providence Equity Partners related stories
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With Sale to News Corp., Providence & Goldman Score 4.5-5x Return on YESProvidence Equity Partners and Goldman Sachs may finally get to cash out of the YES Network, which televises Yankee games, after holding the stake for eleven years. News Corp. said Tuesday it has agreed to buy a 49% stake in the Yankees Entertainment and Sports Network.
- Accordion Partners Opens Dubai Office
Accordion Partners, a specialized financial services firm, has opened a Dubai-based presence in partnership with Eagle Investments Limited, a Dubai-based investment advisory firm. Accordion Partners is based in New York.
- Accordion Announces Dubai Presence
Accordion Partners, has launched in Dubai. The firm is a specialized financial services business whoser clients include investment companies, corporations, banks, sovereign wealth funds and family offices.
- Vertical Web Sells Events Group to GLM
GLM, which is backed by Providence Equity Partners, has acquired e-commerce events group of Vertical Web Media. Financial terms weren't announced. The acquisition includes Internet Retailer Conference & Exhibition and two allied events – Internet Retailer Mobile Marketing & Commerce Forum and Internet Retailer Web Design and Usability Conference.
- KKR Already Thinking About Mezz Fund II
Scarcely a year after closing its first mezzanine fund, Kohlberg Kravis Roberts & Co. already is thinking about its successor as the mega-firm continues to diversify.
- KKR-Backed ProSieben Attracts Three Offers
ProSieben has attracted three offers worth more than €1.3 billion euros ($1.7 billion) for its Nordic TV channels, sister news service Reuters reported in late October, which may help to reduce the group’s debt. The bidders are private equity firms Nordic Capital and Providence Equity Partners as well as cable network Discovery Communications, Reuters wrote.
- Baidu Buys iQiyi.com from Providence Equity
Chinese search company Baidu Inc. will pay an undisclosed amount for shares of iQiyi.com currently held by Providence Equity Partners. The deal gives Baidu a “substantial majority” stake in iQiyi, the company said. Launced in April 2010, iQiyi is an online video platform focused on fully licensed, high-definition and professionally-produced content.
- Richardson Steps Down From MD Role At Providence
Julie Richardson, considered one of the most powerful women in private equity, has stepped down as a full-time managing director at Providence Equity Partners to become a senior adviser.
- Reuters - ProSieben Attracts Three Offers
ProSieben has attracted three offers worth more than 1.3 billion euros ($1.7 billion) for its Nordic TV channels, Reuters reported on Wednesday, which may help to reduce the group's debt. The bidders are private equity firms Nordic Capital and Providence Equity Partners as well as cable network Discovery Communications, Reuters wrote.