September 25, 2016 1:49 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: 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

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.

Idea Reporetdly Seeks To Acquire Stake In Aditya Birla Telecom

Idea Cellular Ltd. (NSEI:IDEA) offered INR 40 billion to buy out Providence Equity Partners LLC's 16% stake in Aditya Birla Telecom Limited, offering more than 40% premium to the US private equity firm's investment, according to media reports.

Reliance Broadcast Network In Talks With Firms For Stake Sale

Reliance Broadcast Network Limited (RBNL) is in advance level talks with potential buyers and is looking to divest around 40% stake in the broadcast (TV and radio) business. "The network is actively in talks with multiple parties including PEs and Subhash Chandra. Though nothing has been signed yet, chances are the deal will go through by April or end of March," says an executive in the know. Zee Entertainment Enterprises Limited and Living Media denied being in talks with RBNL. RBNL, on the other hand, did not revert when contacted. Samara Capital and Providence Equity Partners LLC could not be immediately reached for their comments.

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