Providence Equity Partners related stories
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- Hulu could raise $300M in IPO
Entertainment website Hulu’s planned IPO could raise between $200 million and $300 according to Reuters. The IPO plan could be filed with the SEC this year and take place in the first half of 2011. The deal would value the company at about $2 billion. The online video service is backed by General Electric Co's NBC Universal, Walt Disney Co, News Corp and private equity firm Providence Equity Partners.
- Which PE Execs Made Forbes 100 Most Powerful Women?
Forbes has come out with its ranking of the 100 Most Powerful Women http://www.forbes.com/2010/09/30/power-influence-michelle-obama-lady-gaga-power-women-10-hillary-clinton.html?boxes=Homepagelighttop and I did a quick scan for PE execs. And --surprise surprise -- there weren’t any buyout execs listed. Well, Ho Ghing, CEO of Temasek Holdings, came in at No. 30 http://www.forbes.com/wealth/power-women/gallery/ho-ching#gallerycontent However, Temasek isn't a PE firm but an LP that makes direct investments.
- Providence Invests $150 Million in ZeniMax Media
Providence Equity Partners has closed a $150 million investment in ZeniMax Media. Providence, a PE firm, made a prior $300 million investment in ZeniMax in 2007. The current investment is in ZeniMax's convertible preferred stock. ZeniMax Media is a Rockville, Md.-based game publisher.
- Providence Equity to sell stake in Kabel Deutschland
Providence Equity Partners, a Rhode Island-based private equity firm, is selling a 16.7 percent take in Kabel Deutschland, a German cable television group. Deutsche Bank is handling the deal. Kabel Deutschland’s current share price is EUR28.1 ($38.17), which would mean a cash price of around EUR420 million ($573 million) for the stake.
- CHAMP Nears A$1.5 Billion Target With Fund III
CHAMP, an Australian PE firm, is nearing its $1.5 billion Australian (US$1.4 billion) fundraising target for its third fund. So far, the Sydney buyout shop has raised US$847 million (which is A$903 million), for CHAMP Buyout III GP, according to a Sept. 23 SEC filing, which was uncovered by the sleuths at FormDs.com.
- peHUB Wire: Monday, September 20, 2010
Risky Business
- peHUB Wire: Monday, September 20, 2010
Risky Business