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September 04, 2015 2:15 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

Phone:

401-751-1700

Fax:

401-751-1790

Key Executives for Providence Equity Partners LLC

Founder and Chief Executive Officer
Age: 58
Senior Managing Director
Age: 53
Director
Chief Financial Officer and Managing Director
Age: 51
Managing Director, Chief Operating Officer, and Head-Portfolio Operations
Age: 50
Compensation as of Fiscal Year 2015.

Providence Equity Partners LLC Key Developments

Reliance Infratel Stake Sale Reportedly Draws U.S. Investors' Interest

Reliance Communications Ltd. (NSEI:RCOM) has revived a plan to sell a 51% stake in Reliance Infratel Limited attracting early interest from U.S. private equity firms as well as domestic and American industry players, two sources with direct knowledge of the matter said. Reliance Communications is looking at a valuation of about $4 billion for Reliance Infratel, the sources said. The private equity firms showing interest included The Blackstone Group L.P. (NYSE:BX), The Carlyle Group LP (NasdaqGS:CG) and Providence Equity Partners LLC, while from the industry side Bharti Infratel Limited (NSEI:INFRATEL) and American Tower Corporation (NYSE:AMT) were other potential suitors, according to the sources. A Reliance Communications spokesman declined to comment. "We keep evaluating options on an ongoing basis and are open to opportunities provided there is a strategic fit," a Bharti spokesman said in a statement to Reuters. Blackstone and Carlyle declined comment. American Tower did not immediately respond to requests for comment. Providence Equity could not be immediately reached for comment.

Blackboard Inc. Reportedly Seeking To Sell

Blackboard Inc. is exploring a sale that it hopes could value it at as much as $3 billion, including debt, according to people familiar with the matter. Blackboard's majority owner, private equity firm Providence Equity Partners LLC, has hired Deutsche Bank AG (DBKGn.DE) and Bank of America Corp (BAC.N) to run an auction for Blackboard, the people said. Providence Equity and Blackboard declined to comment, while Deutsche Bank and Bank of America did not immediately respond to requests for comment.

Archer Capital And Quadrant Reportedly Out Of Bidding Race For Academic Colleges

Archer Capital Pty Ltd. and Quadrant Private Equity Pty Limited are understood to be out of the bidding race for the acquisition of Academic Colleges Group Limited. Providence Equity is still understood to be in the frame and possibly Providence Equity Partners LLC. It is also believed that KKR & Co. L.P. (NYSE:KKR) could be taking a look, the Australian reported.

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