January 27, 2015 8:06 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

Chief Executive Officer
Age: 57
Senior Managing Director
Age: 52
Chief Financial Officer and Managing Director
Age: 50
Managing Director
Age: 49
Managing Director
Compensation as of Fiscal Year 2014.

Providence Equity Partners LLC Key Developments

Discovery and FOXTEL Prepares Joint Bid For Ten

Discovery Communications, Inc. (NasdaqGS:DISC.A) and FOXTEL Cable Television Pty Limited are preparing a joint takeover offer for Ten Network Holdings Limited (ASX:TEN) (Ten) on December 2, 2014. Bid of Discovery and FOXTEL will not be fully binding, and is expected to be between AUD 0.25 and AUD 0.3 per share. Discovery and Foxtel remain the frontrunners in the auction for Ten, although whether any bid is successful will depend on the view of its independent Directors on the price offered. Bruce Gordon, largest shareholder in Ten signs that he is supportive of Foxtel taking a stake. Under the proposed deal, Foxtel would hold 14.9% with Discovery taking a majority stake. Ten's Independent Directors will meet to discuss bids received by deadline of December 2, 2014, and then seek shareholders’ approval in Ten's annual meeting on December 18, 2014. Several other bidders including Saban Capital Group, Inc., Anchorage Capital Group, L.L.C., Providence Equity Partners LLC, and Hellman & Friedman LLC are interested in Ten, however Hellman & Friedman is understood to have pulled out of the process. Citi has been retained as advisor by Ten.

Investors Reportedly Eye Infront Sports

Providence Equity Partners LLC, Dalian Wanda Group Corporation Ltd and a Chinese group are mulling possible bids for Infront Sports & Media AG, Financial Times reported citing sources. Infront Sports & Media AG managed by Bridgepoint Advisers Limited, is expected to be worth around €900 million. TPG Capital, L.P. is also among the potential suitors. Lazard Ltd. (NYSE:LAZ) is advising Infront Sports & Media AG on the potential sale. Dalian Wanda Group Corporation Ltd, Providence Equity Partners LLC, Infront Sports & Media AG, Bridgepoint Advisers Limited and Lazard Ltd. could not be reached immediately for comment outside regular business hours.

Hellman & Friedman And Anchorage Capital Doesn't Met Ten

Helllman & Friedman LLC and Anchorage Capital Group, L.L.C. was due to meet with Ten Network Holdings Limited (ASX:TEN) regarding the bid. Helllman & Friedman and Anchorage Capital approached Providence Equity Partners LLC for a joint bid.

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