Providence_Equity_Partners

From Wikipedia, the free encyclopedia Providence Equity Partners Providence Equity Partners Providence Equity Partners Type Founded Headquarters Key people Limited liability company 1989 Providence, Rhode Island, USA Jonathan M. Nelson, CEO Raymond M. Mathieu, CFO Glenn M. Creamer Paul J. Salem Private equity Leveraged buyout, Growth capital $21 billion 350 www.provequity.com Industry Products Total assets Employees Website Early History (Origins of modern private equity) • The 1980s (LBO boom) • The 1990s (LBO bust and the VC bubble) • The 2000s (Dot-com bubble to the Credit crunch) Providence Equity Partners is a private equity firm headquartered in Providence, Rhode Island that focuses on investments in media and telecommunications. It is one of the largest private investment firms specializing in equity investments in media and communications companies, managing around $21 billion in equity capital. The principals of Providence Equity manage funds with over $9 billion in equity commitments and have invested in more than 80 companies operating in over 20 countries since the firm’s inception in 1991. Current and previous areas of investment include cable television content and distribution, wireless and wireline telephony, publishing, radio and television broadcasting and other media and communications sectors. The firm has offices in Providence, Los Angeles, New York, and London, New Delhi and Hong Kong. Investments The following is a list of some of the most significant leveraged buyout and growth capital investments completed by Providence to date: • VoiceStream Wireless • Metro-Goldwyn-Mayer • Warner Music Group • Freedom Communications • PanAmSat • AT&T Canada • eircom • Ziggo • NexTag • Kabel Deutschland • Telcordia Technologies • Language Line • F&W Publications • USIS • ProSiebenSat.1 (DE) • Bresnan Broadband Holdings • The Phones 4U Group (UK) • Idea Cellular • CanalDigitaal (NL) • TV Vlaanderen (BE) and • Bell Canada. • Hulu. History History of private equity and venture capital 1 From Wikipedia, the free encyclopedia Providence Equity Partners and Bluestone sold to Diamond Castle Holdings, L.L.C: Current Market DMA# 91. Bristol, Virginia/ Tri Cities, Virginia Station Current Affiliation WCYB 5 WEMT 39 105. 130. New Bern, North Carolina WCTITV 12 NBC FOX ABC ABC ABC ABC NBC NBC NBC BCE On June 30, 2007, BCE announced that the company entered into a definitive agreement for BCE to be acquired pursuant to a plan of arrangement by an investor group led by Teachers Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, Providence Equity Partners Inc. and Madison Dearborn Partners, LLC (the "investor group"). The all-cash transaction is valued at C$51.7 billion (US$48.5 billion), including C$16.9 billion (US$15.9 billion) of debt, preferred equity and minority interests. The arrangement was approved on September 21, 2007 at a Special Meeting of shareholders by more than 97% of the votes cast by holders of common and preferred shares, voting as a single class. Redding/Chico/Red KRCR Bluff, California 7 KAEF 23 164. 167. Abilene, Texas KTXSTV 12 Clear Channel Television Stations On April 20, 2007, Providence Equity Partners entered into an agreement to acquire all of the television stations owned by Clear Channel Communications.[1] These stations will be operated through a newly formed holding company known as Newport Television, LLC. The following stations are owned by Diamond Castle Holdings, L.L.C., but affiliated with Providence Equity Partners. Lamco was purchased by Bluestone Television in 2004 194. Missoula, Montana KECI 13 KCFW 9 Butte/Bozeman, Montana KTVM 6 References [1] Clear Channel http://www.bce.ca/en/investors/shareholderinfo/privatization/ External links • Providence Equity Partners Website Retrieved from "http://en.wikipedia.org/wiki/Providence_Equity_Partners" Categories: Private equity firm stubs, Financial services company stubs, Private equity firms, Companies based in Providence, Rhode Island This page was last modified on 21 May 2009, at 01:31 (UTC). All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.) Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a U.S. registered 501(c)(3) taxdeductible nonprofit charity. Privacy policy About Wikipedia Disclaimers 2