Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. Valuation. Meet the team thats with you every step of the way. 2. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Providence Equity Partners L.L.C is an investment fund managing more than $2.64 billion ran by Sarah Conde. university We offer an assisted fundraising option for startups. Managed Service Provider (MSP). Premium access for businesses and educational institutions. ICG to back Providence single-asset deal | Secondaries Investor And the consequences are often deadly, leading to higher mortality and morbidity rates for communities of color and marginalized populations. 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 . Funding to support continued global expansion of the company's guest experience platform. CloserStill Media runs business exhibitions in the healthcare, learning and technology sectors. $2.64 billion and $2.64 billion respectively. These resources will allow LEAs to fund projects that otherwise would not advance or would rely on issuing high interest bonds. These cookies track visitors across websites and collect information to provide customized ads. Prior to that, Shawnt assessed private credit and equity investments across diversified sectors at Deerpath Capital. We do not intend to delete any comments on the website unless within our noticeand take down procedure. Hyve Group PLC said Tuesday that it has agreed to a 363 million pound ($453.2 million) final takeover offer from private equity firm Providence Equity Partners LLP. Listening to and learning from people in our communities about the impacts of health disparities, structural barriers and community priorities are key components of this work. SevenRooms Raises $50M Series B Round with Providence Strategic Growth Toward that end: Read our news release about our health equity investment. The fund was based in Providence, Rhode Island. The two most similar investment funds to Providence Equity Partners L.L.C are Dearborn Partners and Cambridge Trust Co. We shall not bear anyliability in respect of such comments. Providence seeks to exit music market with $600mn song sale Except Necessary Cookies. Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019. Standard Digital includes access to a wealth of global news, analysis and expert opinion. [29][30][31][32][33][34][35][36], In March 2013, Providence and the National Football League formed a global partnership to invest primarily in sports and entertainment related media assets. Sweetwater Announces Growth Equity Investment from Providence Equity [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. The fund is located in Providence, Rhode Island and invests in Western Europe, North America. Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. Founded 2014 Locations Primary 401 Park Drive Boston, Massachusetts 02215, US Get directions 4900 Main Street Kansas City, Missouri 64112, US Get directions 15 Sloane Square London, England SW1W. Tenstreet Announces Majority Growth Investment From Providence Equity LinkedIn sets this cookie to store performed actions on the website. With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. Companies. But the . Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Providence Equity LLP offered to acquire Hyve Group Plc for It sold the previously owned 21,175,226 shares for $496 million. Providence Equity - Wikipedia Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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That includes in health care and the social determinants of health. Find the right product for your needs. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate Since the firm's inception in 1989, Providence has invested in over 170 companies and is a leading equity investment firm focused on the media, communications, education, software and services . Some are required for the site to work. Providence Equity Partners Portfolio Companies For cost savings, you can change your plan at any time online in the Settings & Account section. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. He is a Phi Beta Kappa graduate of Harvard College, where he graduated with a bachelors degree in economics, magna cum laude. Team Locations In Memoriam Clear filters Clear Search Collaborative. The fund is based in Providence, Rhode Island and invested in the United States. All rights reserved. Seesaw is a leading SaaS-based classroom technology platform targeted towards elementary grade levels. Exit. Which investors participated in the most funding rounds within this hub? When the investment is from Providence Equity Partners the average startup value is 500 millions - 1 billion dollars. Providence remains a shareholder in the company. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Under the . Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. 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. Team. [1] [2] TCP is a leading provider of workforce management software and technology solutions serving thousands of public and private sector businesses. 1. Which companies in this hub have the most subsidiaries? Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. Sweetwater Announces Growth Equity Investment from Providence Equity Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Necessary cookies are essential to the proper function of our site. Fight for Rhode Island state pension COLAs growing [45][46][47], In April 2019, MasMovil agreed to repurchase its convertible bond from Providence Equity. Learn more about our mission, vision and values. As of 8th August 2022, Providence Equity Partners L.L.Cs top holding is 82,520,604 shares of DoubleVerify currently worth over $1.87 billion and making up 71.0% of the portfolio value. Anthony began his career as an analyst at Donaldson, Lufkin & Jenrette in New York from 1994-1996, where he focused on mergers & acquisitions, high yield financings, and leveraged buyouts. The firm targets equity investments of $150 million to $500 million and can employ a variety of financing structures. [8][9] Prior to joining Providence, Gahan was head of Deutsche Bank's corporate and investment banking in the Americas and chief executive officer of Deutsche Bank Securities. We value each member of our diverse communities for their identities, journeys and experiences. Prior to that, she assessed private equity co-investments in small and mid-market companies in the consumer, health and education sectors at Harris Preston & Partners, where she began her career. Stocks with a size of more than $10 billion in market cap make up Blackstone Acquires Clarion - Blackstone At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. PSG | LinkedIn is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. [37], In September 2012, Providence sold a less than 10% stake in the firm to Florida's state pension system and a sovereign wealth fund. Compassion, Dignity, Justice, Excellence, Integrity. At Providence, we recognize that long-standing inequities have led to health disparities. Since its founding in. Over the past year, Providences health equity work has focused on underserved communities most impacted by the pandemic. News & Media | Carlyle Before TSG, Paula served as Global President of Diane von Furstenberg (DvF) from 1999 to 2013, where she led DvFs transformative growth into an international lifestyle brand and scaled the business from less than $1 million of revenue to over $300 million of revenue by leading omnichannel expansion through a global footprint of free standing DvF stores, launching DvF.com, and establishing a substantial presence in department stores worldwide. 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. The fund focuses on investments in the United States as 100.0% of the portfolio companies are based in the United States. Tempo has focused on contemporary music, having acquired songs by Wiz Khalifa and. By logging into the PSG Hub you agree that the information contained herein must be kept All rights reserved. LinkedIn sets this cookie to remember a user's language setting. [42], In October 2017, Modern Times Group sold its telecommunication businesses in the Baltic states to Providence Equity Partners. Currently, Providence Equity Partners L.L.C's portfolio is worth at least $2.64 billion. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. 1. This latest funding aims to support SevenRooms' continued . This leaves the value of the investment at $1.87 billion and 82,520,604 shares. At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. You can still enjoy your subscription until the end of your current billing period. These yearly adjustments compounded each year, piling on each other and raising a retired teacher's "average pension" from $40,151 in 2006 to $43,053 by 2011 and kept growing from there. And in keeping with our faith tradition, use our voice to speak out against the structural racism and injustice that has led to a public health crisis, Prevent further harm, humbly welcome discussion and feedback, and foster a culture of continuous learning and transparency. Hyve Group Agrees to Final GBP363 Mln Takeover Offer by Providence Over the span of 20 years, he has been a passionate thought leader in assessing the role of information, data and technology and their impact on direct-to-consumer brands. A leading provider of digital-first STEM curriculum for the K-12 education market 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. 2023 PitchBook. TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. The fund is constantly included in 2-6 deals per year. 365 Retail Markets is a leading provider of self-service commerce technology to the foodservice industry. 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). PROVIDENCE EQUITY PARTNERS L.L.C. Top 13F Holdings PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. Providence Equity Partners has 80 portfolio exits. Necessary cookies are absolutely essential for the website to function properly. [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. Callaway Golf Co and bought 21,175,226 shares worth $432 million. Providence Equity Partners - Crunchbase Investor Profile & Investments [48], In September 2019, Providence Strategic Growth collected $2 billion for its fourth fund. The venture was found in North America in United States.We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. [40] As of 2021[update], the schools portfolio branded as Globeducate[41] has 55 schools in nine countries. Nexstar Reaches Multi-Year Agreement With Hulu, Linux Foundation releases DentOS 3.0 network OS, Nexstar Signs Deal With Hulu Covering MyNetworkTV Affiliates, We are much ahead of market in premiumisation: HUL MD & CEO Sanjiv Mehta, What HUL and Nestle results reveal about the recovery in discretionary spends, Mezmo Adds Free Community Plan for Managing Observability Data, After a muted Q4, high base could pose growth challenges for HUL, HULs Q4 marred by inflationary pressures, no respite in sight, HUL shares volatile ahead of Q4FY23 numbers; brokerages expect a healthy Q4 for HUL. These positions were updated on August 15th based on the funds latest 13F filing. Vistage is a leading subscription-based membership organization that provides peer advisory and executive coaching to CEOs. Providence II $363 million committed capital / $1,605 million total portfolio value Providence I $171 million committed capital / $835 million total portfolio value Providence Growth $276 million committed capital / $353 million total portfolio value Other Prior Funds $199 million total portfolio value Do you represent Providence Equity Partners? 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 venture was found in North America in United States. Outfront Media is one of the largest providers of out-of-home advertising signage and displays in the U.S. Smartly.io is a software platform that helps many of the worlds leading digital advertisers create, manage and optimize social media ad campaigns. [3][4][5], Providence is headquartered in Providence, Rhode Island with additional offices in New York, Boston, London and Atlanta.[6]. The high activity for fund was in 2000. Contact Information Fund Manager With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. 20% of the total holdings value. How much aggregate funding have these organizations raised over time? Providence was one of the principal pioneers of a sector-based approach to private equity investing. portfolio of holdings. You bear the whole responsibility,related to their substance, content and the fact of publication. NORTH PROVIDENCE, R.I. - Lieutenant Governor Sabina Matos, Senate President Dominick Ruggerio, Commissioner Anglica Infante-Green, Division of Equity, Diversity and Inclusion Associate Director Toms vila, and the Rhode Island Department of Education today joined Mayor Charles Lombardi and announced a $15 million 21 st Century Technology . [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. Providence Equity Partners 57 Investments, Portfolio, Team members Portfolio Companies | Providence Equity The cash consideration payable for the Acquisition will be funded from equity financing drawn down from the Providence Equity Funds. Providence Equity Partners | LinkedIn We support credit card, debit card and PayPal payments. The Providence Equity Partners L.L.C office and employees reside in Providence, Rhode Island. What's the most common final funding type when companies get acquired? Providence has also advanced non-COVID focused programs and initiatives supported by learning collaboratives to accelerate change. These cookies do not store any personal information. How are IPOs trending over time in this hub? [14], Providence's investments have included AutoTrader.com Group, Blackboard Inc., Conversica, eircom, Hulu, Kabel Deutschland, MLS Media, NEW Asurion, Bluestone Television, Newport Television, Univision, VoiceStream (now T-Mobile US), Warner Music Group, Western Wireless, and World Triathlon Corporation (Ironman), YES Network and TopGolf. For the best experience, please use an alternate browser. If we find new data, we will add it here. Providence Equity Partners VIII is a buyout fund managed by Providence Equity Partners. PDF Providence Memorandum - Pennsylvania Public School Employees Private equity takes a renewed interest in UK plc | Financial Times 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. View contacts for Providence Equity Partners to access new leads and connect with decision-makers. On the other hand, there are companies that Providence Equity Partners L.L.C is getting rid of from its portfolio. Community Health Needs Assessments and Improvement Plans, Notice of Nondiscrimination and Communication Assistance, Build, strengthen and maintain relationships with our diverse communities, including people of color, indigenous people, those who identify as LGBTQIA+ and others experiencing inequities, oppression and discrimination, Listen to and partner with our patients, communities and health plan members to understand and actively reduce structural, racial and cultural barriers to health for all, Partner with community organizations to develop data-informed health equity strategies and implement proven practices to resolve the root causes of health disparities, Amplify the voices of all identities impacted by oppression.
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