But the . Team. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Providence Equity Partners VII is a buyout fund managed by Providence Equity Partners. Meet the team thats with you every step of the way. Anton began his career as an analyst with the technology, media and telecommunications investment banking group at Jefferies in New York, where he focused on debt and equity financings, mergers & acquisitions, and restructurings. American global private equity investment firm, "Company Overview of Providence Equity Partners LLC", "Providence Equity buys Star India's stake in Star CJ", "Providence Equity Closes Eighth Flagship Fund Above $6 Billion", "Providence Equity Raises $12 Billion Buyout Fund", "Private Equity International magazine's ranking of the world's largest private equity firms", "Benefit Street Closes $1.75B Credit Fund", "Providence Equity debt arm hits $1.75 bln hard cap on Fund III", "Tommy Gahan Wants to Capitalize on Volatility", "Franklin Templeton Buys Providence Equity's Benefit Street Partners", "Private equity fuels Ironman triathlon organizer's gauntlet", "Providence Equity Backs Golf Entertainment Company Topgolf", "Providence buys Ambassador Theatre Group for 350m", "Providence Acquires Majority Stake in DoubleVerify", "Shamrock Capital to sell Learfield to Providence Equity", "Providence Equity buys GlobalTranz back from The Jordan Company after just 8 months", "Providence Equity buys Riverside's majority stake in n2y", "Providence Equity Partners takes majority stake in Node4", "Providence Equity Invests $223 Million in Finnish Social Ad-Tech Firm", "Providence Equity Partners Invests In TAIT", "Driver clearinghouse Tenstreet acquired by Providence Equity Partners", "Onex Corp to buy Tes Global from Providence Equity Partners", "Providence sells Galileo to CPP-led consortium", "Investment Firm EQT Agrees to Purchase EdgeConneX for $2.5 to $3 Billion", "Providence Equity Sells Scuba Certifier PADI for $700 Million", "Providence to Sell Ascend Learning Stake to Blackstone, CPPIB After Nearly 10-Year Hold", "Golden Gate Capital Buying Vector Solutions", "Providence Equity's Sale of ZeniMax Will Bring Lucrative End to 13-Year Deal", "NFL, Providence Equity form strategic investment partnership", "Providence Equity Said to Sell Stake in Firm to Investors", "Providence Equity May Lose Hundreds of Millions as Altegrity Faces Seizure in Snowden Fallout", "Providence Equity acquires NACE international schools group", "MTG sells Baltic broadcasting businesses MTG", "MTG completes the sale of its Baltic broadcasting businesses MTG", "All Media Baltics to Deliver Top-quality TV Reception via SES Video", "Acquisition of MTG's business in Baltics completed; new company to be named All Media Baltics", "Providence to More Than Quintuple Its Money on MsMvil", "Providence Strategic Growth collects $2bn for fourth fund", "Sweetwater Has New Majority Owner; Chuck Surack Leaves CEO Post Sweetwater Sound Sold; Surack Steps Up", "Providence to acquire Airties | Infrastructure | News | Rapid TV News", "Providence Equity's Nelson Plans to Shift Role as Firm Maps Out Transition", Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Providence_Equity&oldid=1149093458, Private equity firms of the United States, Companies based in Providence, Rhode Island, Financial services companies established in 1989, Short description is different from Wikidata, Articles containing potentially dated statements from 2021, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, Michael Dominguez, Chief Investment Officer, This page was last edited on 10 April 2023, at 04:36. While commenting, you shall use only actual, truthful and confirmed data. We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. You may change or cancel your subscription or trial at any time online. Compassion, Dignity, Justice, Excellence, Integrity. 2023 PitchBook. The fund has specific favorite in a number of founders of portfolio startups. Set your location to find care near you. [40] As of 2021[update], the schools portfolio branded as Globeducate[41] has 55 schools in nine countries. Date. You can still enjoy your subscription until the end of your current billing period. Each year, Providence serves more than 6 million people of every walk of life. SANTA BARBARA, Calif.-- ( BUSINESS WIRE )--Impact, the global leader in PARTNERSHIP AUTOMATION, today announced a $75 million investment led by Providence Strategic Growth (PSG), the growth equity . For the best experience, please use an alternate browser. Though we still have a ways to go, we have made significant strides over the past year. This has led to health disparities among communities that have been marginalized because of their race, ethnicity, gender, sexual orientation, age, ability, religion or socioeconomic status. When the investment is from Providence Equity Partners the average startup value is 500 millions - 1 billion dollars. The venture was found in North America in United States. Providence is a premier global private equity and credit investment firm with more than $50 billion in capital under management. SEC Filings include 13F quarterly reports, 13D/G events and more. Prior to joining Provenance, Mary Claire worked on the consumer investment team at Sands Capital Management, where she conducted global fundamental diligence on leading public companies in the consumer sector. Previously, she was Operating Partner at TSG Consumer Partners from 2014-2017 where she helped source and diligence new investment opportunities in the broader apparel and retail category and oversaw operational and management strategy at portfolio companies . The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The deal is expected to close in the third quarter. Prior to that, Anton spent 5 years making control buy-and-build investments at Altpoint Capital, a private equity firm specializing in mid-sized companies in the energy, industrial and telecommunications sectors. Marlink is a leading provider of high bandwidth satellite connectivity and digital solutions to the maritime and enterprise end markets. In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. [50], In April 2022, it was announced Providence had acquired the cloud-based managed Wi-Fi solutions provider, Airties. PROVIDENCE - Rhode Island lawmakers in the House have approved legislation to allow state funds to be used to pay for health plans that cover state workers and Medicaid . [42], In October 2017, Modern Times Group sold its telecommunication businesses in the Baltic states to Providence Equity Partners. Providence is headquartered in Providence, RI, and also has offices in New York and London. The firm has completed more than 120 investments and delivered successful results over three decades. In 2000, Providence oversaw just $3.6 billion. The fund is located in Providence, Rhode Island and invests in Western Europe, North America. Do you represent Providence Equity Partners? This leaves the value of the investment at $1.87 billion and 82,520,604 shares. On the other hand, there are companies that Providence Equity Partners L.L.C is getting rid of from its portfolio. They allow you to move around the site and use its features. Providence Equity Partners Portfolio Exits80 Portfolio Exits. For cost savings, you can change your plan at any time online in the Settings & Account section. [15][16], Since 2013, significant investments by the firm include 365 Retail Markets, Ambassador Theatre Group, DoubleVerify, Learfield Communications, GlobalTranz, Groupe La Centrale, MsMvil Group, n2y, Node4, Smartly.io, TAIT, Tenstreet, and TCP. 1. As expressions of God's healing love, witnessed through the ministry of Jesus, we are steadfast in serving all, especially those who are poor and vulnerable. The third-largest holding is Outfront Media Inc worth $295 million and the next is Dynatrace Inc worth $22 million, with 558,645 shares owned. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. All rights reserved. The high activity for fund was in 2000. The Providence Equity Partners L.L.C office and employees reside in Providence, Rhode Island. A leading provider of digital-first STEM curriculum for the K-12 education market, Global leader in automotive and mobility technology benchmarking, Wasserman is a global sports, music and culture agency. The fund was based in Providence, Rhode Island. A leading provider of digital-first STEM curriculum for the K-12 education market The firm targets equity investments of $150 million to $500 million and can employ a variety of financing structures. TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. We are private equity specialists, focused on growth-oriented media, communications, education and technology companies throughout North America and Europe. Weve served nearly half a million individuals over the past year from marginalized communities. Find More Contacts for Providence Equity Partners, Edit Lists Featuring This Company Section, Providence Equity Partners invests in digital STEM education company, Providence Equity Partners raises $116.5M for two hedge funds, Providence Equity Partners Portfolio Companies, Finance Companies With Less Than $500M in Revenue (Top 10K), Financial Services Companies With Less Than $50M in Revenue (Top 10K). The overall number of key employees were 11.This Providence Equity Partners works on 6 percentage points more the average amount of lead investments comparing to the other organizations. There are currently 5 companies in Mrs. Condes portfolio. Without these cookies, we cannot provide services through the site. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. TCP is a leading provider of workforce management software and technology solutions serving thousands of public and private sector businesses. [48], In September 2019, Providence Strategic Growth collected $2 billion for its fourth fund. Which investors participated in the most funding rounds within this hub? The venture funds do deals alongside some of the country's highest-profile investment firms, including Kleiner Perkins and Carlyle. Tempo has focused on contemporary music, having acquired songs by Wiz Khalifa and. Currently, Providence Equity Partners L.L.C's portfolio is worth at least $2.64 billion. The fund focuses on investments in the United States as Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. Funds with similar focus located in United States: Funds with similar geography of portfolio companies: Funds with similar focus acting as lead investors: By posting comments on our website you confirm and acknowledge that: To post a comment or write a complain, please sign in with LinkedIn. Providence Equity Partners L.L.C. The firm raises investment funds from a broad array of institutional investors, including pension funds, endowments, sovereign wealth funds, financial institutions, insurance companies, fund of funds, and high-net-worth individuals. Providence Equity Partners L.L.C. Since its founding in 1989, Providence has invested over $32. We shall not bear anyliability in respect of such comments. That is still the fourth-largest opening period . Providence Equity Partners invests in media, communications, education, and technology companies across North America and Europe. strictly confidential and may not be reproduced or redistributed in whole or in part 5. Since its founding in 1989, Providence has invested over $32 billion across more than 170 private equity portfolio companies. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. university It sold the previously owned 21,175,226 shares for $496 million. You also have the option to opt-out of these cookies. LinkedIn sets this cookie for LinkedIn Ads ID syncing. The fund targets software, education tech, TMT, SaaS sectors. These funds often invest in the rounds preceeding the rounds of Providence Equity Partners: Providence Equity Partners is more likely to invest in rounds together with the following funds: These funds have a tendency to invest in the following rounds after Providence Equity Partners: There are no funds here. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. Two years later, it raised $12 billion more in just three months. analyse how our Sites are used. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. [43][44] The newly acquired companies were united and operate under the All Media Baltics company name (currently TV3 Group). Node4 is a leading U.K. Our investment of $50 million to reduce health disparities and achieve health equity is just the beginning. She was also a member of the Financial Analyst Program, where she served as an analyst for The University of Texas Investment Management Company (UTIMCO). Tempo Music is a proprietary music rights acquisition platform that operates in partnership with Warner Music Group. Genuine. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. [1][2], The firm manages funds with over $31 billion in aggregate private equity capital commitments, making it a large global player in the private equity industry. Learn more about our mission, vision and values. And we commit to doing the personal and institutional work needed to live the values of Providence, which call us to welcome all and serve one another with respect and dignity. [38], In February 2015, Providence's $800 million stake in security screener Altegrity was wiped out when the security company was accused of fraud and filed for bankruptcy. Currently, their heaviest sector is Technology making up 72.4% of Providence also released a health equity statement, developed by caregivers from across the Providence family of organizations. Private equity-backed buyouts globally fell 51 per cent year on year in the first quarter of 2023 to total $136.1bn, according to Refinitiv data. Due to the deprecation of Internet Explorer and for security reasons, the PSG site is not supported in Internet Explorer. portfolio of holdings. A single fund raised in 2005 amassed $4.26 billion. Since its founding in. FY 2022 SBA Capital Fund - Facility Equity Initiative; FY 2022 SBA Capital Fund - ARTS Initiative Grants; FY 2023 SBA Capital Fund - Facility Equity Initiative; Contact Information 255 Westminster Street Providence . PSG is headquartered in Boston, Massachusetts, with offices in London and Kansas City. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Anti-trust clearance in the United States. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. As social unrest has erupted across the nation and with disparities in COVID-19 on full display, Providence has responded to the signs of the times by committing $50 million to health equity over five years. Language links are at the top of the page across from the title. Lloyd, 39, joined IMC Construction in 2017 and was previously executive vice president and general counsel, leading the company's risk management efforts.. Cottone, 63, is now the second largest . personalising content and ads, providing social media features and to Providence Equity Partners is a specialist private equity investment firm focused on growth-oriented media, communications, education, and technology companies across North America and Europe.
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