October 26, 2016 12:58 AM 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, 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 million and $800 million in i...

50 Kennedy Plaza

18th Floor

Providence, RI 02903

United States

Founded in 1989





Key Executives for Providence Equity Partners LLC

Founder and Chief Executive Officer
Age: 59
Senior Managing Director
Age: 54
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

Providence Equity Partners LLC Presents at PEI Operating Partners Forum: New York, Oct-19-2016 through Oct-20-2016

Providence Equity Partners LLC Presents at PEI Operating Partners Forum: New York, Oct-19-2016 through Oct-20-2016. Venue: Convene Conference Center, 730 Third Avenue, The TIAA-CREF building, New York, NY 10017, United States. Presentation Date & Speakers: Oct-19-2016, Karen Gordon, Managing Director, Portfolio Operations, Michael Song, Principal, Portfolio Operations.

Investors Reportedly Seeks To Acquire Host Europe

Deutsche Telekom AG (DB:DTE) and United Internet AG are preparing rival bids for Host Europe GmbH ahead of an October 10, 2016, deadline for non-binding offers, sources involved in the process told Reuters. HEG was put up for sale by Cinven Limited, before the summer but the process was put on ice due to market volatility resulting from Britain's vote to leave the EU. Cinven has now resumed efforts to sell Host Europe, which is valued at about €1.5 billion, the sources said. It wants to receive indicative offers next week, and is hoping to sign a deal before Christmas, they said. Deutsche Telekom has teamed up with Hellman & Friedman LLC while United Internet is working on a bid with Warburg Pincus LLC, the sources said. GoDaddy Inc. (NYSE:GDDY) is also considering a bid for Host Europe which would help it gain scale in Europe, one of the sources said. Some buyout funds including Providence Equity Partners LLC, Permira Advisers Ltd. and EQT may also decide to enter the bidding, the sources said. Cinven, Deutsche Telekom, United Internet, GoDaddy, Warburg Pincus, Providence, EQT and Permira declined to comment.

Providence Equity Partners To Divest Its Stake In Idea Cellular

Providence Equity Partners LLC is set to put its 7% stake in Idea Cellular Ltd. (NSEI:IDEA) on the block. The transaction could be executed tomorrow, sources confirmed. It will be a large transaction which is worth about INR 13.46 billion. Shares will be sold in block trades at INR 110.50 - INR 112.50 per share, at a discount to the current market price of around INR 118, say sources. Providence has been looking at selling this stake for quite some time now.

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