April 30, 2017 6:45 PM ET

Capital Markets

Company Overview of Providence Equity Partners LLC

Company Overview

Providence Equity Partners LLC is a private equity firm specializing in growth capital, lower middle market, recapitalization of family-owned businesses, large leveraged buyouts, turnaround, distressed, mezzanine, and take-privates investments. It typically invests in media, entertainment, communications, education, Information industries, Internet and Internet infrastructure, and digital media sectors. It also invests in technology enabled services, information and education technology companies. The firm invests globally in companies based across the world including Europe, North America, South America, Europe, and Asia Pacific with a focus on China. It primarily invests between $150 milli...

50 Kennedy Plaza

18th Floor

Providence, RI 02903

United States

Founded in 1989

Phone:

401-751-1700

Fax:

401-751-1790

Key Executives for Providence Equity Partners LLC

Founder and Chief Executive Officer
Age: 59
Senior Managing Director
Age: 54
Director
Managing Director, Chief Operating Officer, and Head-Portfolio Operations
Age: 51
Senior Managing Director
Age: 52
Compensation as of Fiscal Year 2016.

Providence Equity Partners LLC Key Developments

Blackstone Reportedly In Advanced Talks To Buy Ascend Learning

The Blackstone Group L.P. (NYSE:BX) is reportedly in advanced talks to acquire Ascend Learning LLC for more than $2 billion, including debt. Blackstone has prevailed in an auction for Ascend Learning, and is now negotiating terms with its majority owner, Providence Equity Partners LLC.

Providence Equity To Pull Out From India

Providence Equity Partners LLC will not pursue new investments locally and look at divesting the current India portfolio. The companies includes Indus Towers Limited, UFO Moviez India Limited (BSE:539141), Hathway Cable & Datacom Limited (BSE:533162) and Shop CJ Network Private Limited which together valued $1 billion.

Providence Reportedly Sells PADI to Wealthy Families, Endowments

Providence Equity Partners LLC agreed to sell PADI Worldwide Corp. (Professional Association of Diving Instructors) to a group of wealthy families and endowments for more than $700 million, according to people familiar with the matter. The buyers will purchase Professional Association of Diving Instructors through an entity being called Mandarinfish Holding. Deutsche Bank AG advised PADI on the deal, according to people familiar with the matter.

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