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February 07, 2016 5:26 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, 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
Managing Director, Chief Operating Officer, and Head-Portfolio Operations
Age: 50
Managing Director, Head of Marketing, and Global Head of Business Development
Compensation as of Fiscal Year 2015.

Providence Equity Partners LLC Key Developments

RBNL In Discussions To Sell Stake In 92.7 Big FM

Reliance Broadcast Network Limited (RBNL) is in talks with private equity (PE) firms to sell a stake in its 92.7 Big FM radio network part of a broader effort by the group to reduce debt on its books. Negotiations are underway with the local units of Providence Equity Partners LLC, TA Associates Management, L.P., Samara Capital and IDFC Private Equity, a top RBNL executive said. EY, the consulting firm formerly known as Ernst & Young, has estimated the valuation of 92.7 Big FM at INR 2.5billlion, the executive said on condition of anonymity. “The company has been looking to monetize its investments in the media sector. We plan to close the deal within this quarter,” he said. TA Associates declined to comment for this story. Phone calls and text messages to Sumeet Narang and Gautam Gode, the co-founders of Samara Capital, went unanswered. Bis Subramanian, managing director, Providence Equity Partners, also didn’t respond to calls and messages. IDFC and EY declined to comment.

Providence Equity Partners LLC Presents at Crowe Horwath Private Equity International (PEI) CFO & COO Forum, Jan-27-2016 11:15 AM

Providence Equity Partners LLC Presents at Crowe Horwath Private Equity International (PEI) CFO & COO Forum, Jan-27-2016 11:15 AM. Venue: The Plaza Hotel (3rd Floor Grand Ballroom Foyer and Centennial Room), Fifth Avenue at Central Park South, New York, NY 10019, United States. Speakers: Marc G. Puglia, Chief Financial Officer, Private Equity.

iSelect Abandons Takeover Talks

iSelect Ltd. (ASX:ISU) has abandoned the potential talks. iSelect said that recent volatility in its health insurance business and management changes means there are ‘no reasonable prospects’ that the company would fetch a fair price. As a result, iSelect is recommending that discussions with Providence Equity Partners LLC and other parties should now cease.”

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