Providence Equity Partners related stories
All articles and analysis
- KKR Closes Mezzanine Fund with $1B
KKR Asset Management said Friday that it has closed its mezzanine fund, KKR Mezzanine Partners I, with more than $1 billion in commitments. The fund is backed by unnamed investors including insurers, pension plans, family offices and sovereign funds. Formed in 2004 by Kohlberg Kravis Roberts & Co., KKR Asset Management invests across secured credit, bank loans and high yield securities and alternative assets such as mezzanine financing, distressed investing and structured finance.
- European Fund Briefs, September 2011
Credo on pace to raise $29M; Hollyport closes its third fund
- Yahoo, Google, Amazon.com Interested in Hulu
Yahoo, Google, DirecTV and Amazon.com are among those prepping bids for online television site Hulu, Reuters reported. The deadline for initial bids for the site – jointly owned by News Corp., Walt Disney Co., Comcast Corp.'s NBC and Providence Equity Partners – was extended to the end of this week. South Korea’s SK Telecom is also believed to be prepping a bid. Hulu’s owners hope to fetch as much as $2 billion in the sale, Reuters reported.
- PE Wants AOL & Other Lies We Keep Telling Ourselves
Private equity may not be the last great hope for AOL. In fact, it may be no hope at all. According to a story last week from Bloomberg News, buying AOL would be a cheap way http://www.bloomberg.com/news/2011-08-18/aol-at-57-cents-on-dollar-gets-last-best-hope-in-private-equity-real-m-a.html for a PE firm to get online. AOL could sell for about $1.5 billion, according to an analyst cited in the story. Such an amount would be in line with the 41% premium paid in takeovers greater than $500 million. The story didn't name any PE firms that are or would be interested....
- Providence Equity Pays $174M for Daily Mail Unit
British media group Daily Mail & General Trust is selling its U.S. retail trade show management business to private equity firm Providence Equity Partners, Reuters reported Tuesday. The firm is paying about 106 million pounds ($174.2 million) for the business, George Little Management. The transaction is expected to complete in late September.
- Value of PE-Backed Tech M&A Jumped 60% in Q2
Private equity investment in technology surged in second quarter. There were 777 tech M&A deals in second quarter valued at $52.1 billion. This is nearly double the value of the 628 deals that occurred in Q2 of last year that totaled $30.8 billion, according to Ernst & Young's "Global Technology M&A Update http://www.ey.com/Publication/vwLUAssets/Global_technology_MandA_update_2Q11_highlights/$FILE/2Q11_Global_technology_M&A_update_Report_web%20posting.pdf" PE showed a marked rise in transaction values. There were 76 PE-backed tech deals in Q2 valued at $8 billion. This is up 60% from the 51 deals in Q2 2010 that totaled $5 billion.
- BC Partners to Buy Com Hem in $2.6B Deal
Buyout shop BC Partners will pay 17 billion crowns ($2.6 billion) to buy Swedish cable company Com Hem, Reuters reported. BC Partners apparently beat out rival bidder Cinven. Com Hem is currently owned by private equity investors Carlyle Group and Providence Equity Partners.