Providence Equity Partners related stories
All articles and analysis
- Hulu IPO: Providence Equity's Exit Strategy?
The knives are already out http://techcrunch.com/2010/08/16/hulu-not-ready-public/ for Hulu's planned IPO http://www.nytimes.com/2010/08/16/technology/16hulu.html?_r=1&partner=rss&emc=rss but Providence Equity Partners is hoping that they prove dull. Providence invested $100 million in Hulu three years ago, in exchange for a minority stake. Now, however, sources say that the firm hopes that the video streaming service could help fill a hole left by investments like MGM (particularly before formally hitting the market to raise a new $8 billion fund http://www.businessweek.com/news/2010-08-04/providence-equity-said-to-seek-8-billion-for-buyouts.html ). “If Providence wasn’t a PE investor [Hulu] probably wouldn’t be going public,” one buyout exec told me earlier today. “If [Hulu] were doing so well why not just wait? They would benefit by waiting if they thought the subscribers would take up the pay service.”
- LP briefs, week of Aug. 16, 2010
News about growing interest in PE by pension funds in China and Mexico, Oregon’s success in slashing fees on six funds and a new commitment by LA city’s pension fund
- PE fund briefs, week of Aug. 16, 2010
Fund-raising news briefs about Providence, Praesidian Capital and Centerbridge Partners
- Hoffman Media, Paula Deen Publisher, Is On The Block
It's Thursday and we have another media deal. peHUB has learned that Hoffman Media, which publishes “Cooking with Paula Deen,” is up for sale. Birmingham, Ala.-based Hoffman specializes in magazines that cater to women. Their titles include “TeaTime,” “Southern Lady," “Just CrossStitch” and “Sew Beautiful Quarterly.” Hoffman is best known for its magazine focused on Deen, who is the host of three shows on the Food Network, including Paula’s Home Cooking. All of Hoffman Media was put up for sale in April with indications of interest due a few weeks ago, sources said. It is not clear what the company will fetch. DeSilva + Phillips and McColl Partners are advising on the process. “Paula Deen is a good property,” says a buyout exec. “It’s a huge success for the company.”