Prior to joining Provenance, Anton helped manage a portfolio of early and growth stage investments at Altpoint Ventures, including businesses in the consumer internet, e-commerce and on-demand consumer services sectors. Worldwide Express and GlobalTranz have combined to create a leading non-asset-based provider of technology-driven third-party logistics solutions. Win whats next. Since its founding in 1989, Providence has invested over $32. Each year, Providence serves more than 6 million people of every walk of life. [39], In February 2017, Providence expanded its education business by buying NACE Schools, a Spain-based operator of for-profit schools. 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. n2y is a leading provider of SaaS workflow and curriculum solutions to the pre K-12 special education market. 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 . [7], In 2008, Providence hired Thomas Gahan as president of the firm's new capital markets group and its affiliate, Benefit Street Partners. 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Providence has also advanced non-COVID focused programs and initiatives supported by learning collaboratives to accelerate change. These F&O leading practices are by no means an all . Which investors participated in the most funding rounds within this hub? Providence Equity Partners VII Profile: Investments & Returns | PitchBook Providence was one of the principal pioneers of a sector-based approach to private equity investing. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. A leading provider of digital-first STEM curriculum for the K-12 education market Accelerate Learning Announces Majority Investment from Providence Equity Partners 17 February 2023 PCF Insurance Services Secures $500 Million Preferred Equity Investment Co-Led by Carlyle Global Credit and HGGC 17 February 2023 Carlyle Announces Grant of Employment Inducement Awards News Release Archive Years 11 April 2023 Funding to support continued global expansion of the company's guest experience platform. We ask you to join us on our quest to champion and deliver Health for a Better World. How much aggregate funding have these organizations raised over time? 20% of the total holdings value. 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 . [48], In September 2019, Providence Strategic Growth collected $2 billion for its fourth fund. These cookies do not store any personal information. Providence Equity Partners - Crunchbase Investor Profile & Investments The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. [50], In April 2022, it was announced Providence had acquired the cloud-based managed Wi-Fi solutions provider, Airties. Get the full list, Morningstar Institutional Equity Research. Tenstreet is a leading provider of SaaS HR solutions to trucking carriers for recruiting, onboarding and managing compliance for truck fleet drivers. 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. At Providence, we recognize that long-standing inequities have led to health disparities. Necessary cookies are absolutely essential for the website to function properly. Providence Equity Partners L.L.C closed its position in Callaway Golf Co on 15th August 2022. Valuation. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. 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. Providence Equity Partners is the famous VC, which was founded in 1989. News & Media | Carlyle 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. Impact Secures $75 Million in Funding Led By Providence Strategic In addition to his investing activities, Anthony is a guest lecturer on private investing at the UCLA Anderson School of Business and is a member of YPO. The fund invested in TMT and communications and networking sectors. Their latest portfolio exit was n2y on April 04, 2023. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. Team. Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. While commenting, you shall use only actual, truthful and confirmed data. 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. We've assembled a list of 10 finance and operations requirements that early-stage PE firm leaders should consider early in their journeys. Providence Equity Partners has 80 portfolio exits. Providence remains a shareholder in the company. It sold the previously owned 21,175,226 shares for $496 million. Providence Equity Partners L.L.Cs portfolio is diversified across 3 sectors. House approves bill to allow RI to pay for abortions sought by state The fund is located in Providence, Rhode Island and invests in Western Europe, North America. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. This category only includes cookies that ensures basic functionalities and security features of the website. This includes prioritizing at-risk groups for testing, treatment and vaccinations. This is our commitment to every patient and community we serve. 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. It targeted commercial services and TMT sectors. Though we still have a ways to go, we have made significant strides over the past year. Wealthiest Hospitals Got Billions in Bailout for - New York Times Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. He concurrently served on the investment team at ONCE Ventures, where he sourced and performed due diligence on early-stage opportunities across food, beverage, and supplements. Assembly Announces Significant Investment by Providence Strategic To view Providence Equity Partnerss complete investments history, request access, Youre viewing 5 of 29 limited partners. Toward that end: Read our news release about our health equity investment. Accelerate Learning Announces Majority Investment from Providence PDF Providence Memorandum - Pennsylvania Public School Employees Nautic Partners is a middle-market private equity firm that has managed over $9.5 billion in assets since it founding in 1986. CloserStill Media runs business exhibitions in the healthcare, learning and technology sectors. Currently, their heaviest sector is Technology making up 72.4% of the total portfolio value. That includes in health care and the social determinants of health. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. We also use third-party cookies that help us analyze and understand how you use this website. Node4 is a leading U.K. Vistage is a leading subscription-based membership organization that provides peer advisory and executive coaching to CEOs. Advancing health equity one person at a time. In the next rounds fund is usually obtained by Providence Strategic Growth, Baidu, OVP Venture Partners.The current fund was established by Jonathan Nelson. [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. The majority of the companies in the funds portfolio are large-cap stocks. The meaningful sponsors for the fund in investment in the same round are Susquehanna Growth Equity, Providence Strategic Growth, First Union Corporation. Providence Equity Partners acquires lease for Times Square billboards Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. Providence seeks to exit music market with $600mn song sale The common things for fund are deals in the range of 50 - 100 millions dollars. At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. [1] [2] Seesaw is a leading SaaS-based classroom technology platform targeted towards elementary grade levels. 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. Detailed Profile of PROVIDENCE EQUITY PARTNERS L.L.C. [49], In August 2021, it was announced that Providence Equity had purchased a majority share of Sweetwater Sound, a major musical equipment retailer based in Fort Wayne, Indiana. PSG is headquartered in Boston, Massachusetts, with offices in London and Kansas City. Learn more about our mission, vision and values. without the express written approval of PSG Equity L.L.C. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Advocate to reform the drivers of health, social and economic disparities. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. See our, Chongqing Anxincheng Guquan Touzi Jijin Guanli Youxian Gongsi, Monmouth Beach, New Jersey, United States, Baden-Wrttemberg, Baden-Wurttemberg, Germany. Check if your $2.64 billion and $2.64 billion respectively. TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. Paula currently serves on the board of MeUndies, a Provenance portfolio company, as well as ThredUp (NASDAQ: TDUP), a publicly-traded high-growth recommerce platform. or offers FT membership to read for free. Airties is a leading provider of cloud-based managed Wi-Fi solutions to internet service operators globally. Prior to that, Shawnt assessed private credit and equity investments across diversified sectors at Deerpath Capital. 1. 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 that included Revolve, Forward by Elyse Walker, Alexis Bittar, Backcountry, and Paige Denim. For a full comparison of Standard and Premium Digital, click here. Our regional operations have developed strategic plans and interventions to measurably reduce health disparities and advance integrated solutions to address health equity at the local level. 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. [43][44] The newly acquired companies were united and operate under the All Media Baltics company name (currently TV3 Group). Insights about top trending companies, startups, The fund is constantly included in 2-6 deals per year. Providence Equity - Wikipedia Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. The top amount of exits for fund were in 2019. Providence pioneered a sector focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since its founding in. The venture was found in North America in United States. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. Last year, Providence's portfolio of investments generated. 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. 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. [1] Providence prefers to lead its investments, serve on company boards, and work collaboratively with company management. The prior fund, Providence VII, closed with $5 billion in 2013. Since its founding in 1989, Providence has invested over $31 billion across more than 170 private equity portfolio companies. The fund is based in Providence, Rhode Island and invested in the United States. 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 is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build. This leaves the value of the investment at $1.87 billion and 82,520,604 shares. This followed a series of other expensive losses that Providence blamed on investments outside of its expertise made during the peak of the 2007 and 2008 private equity boom. Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. Providence is headquartered in Providence, RI, and also has offices in New York and London. [13], In 2014, Providence established Providence Strategic Growth (PSG), its growth equity affiliate focused on investments in lower middle market software and technology-enabled service companies. Over the past year, Providences health equity work has focused on underserved communities most impacted by the pandemic. Paula is a graduate of Villanova University, where she earned a bachelors degree in English Literature with a minor in Business Administration. [52], Media related to Providence Equity Partners at Wikimedia Commons. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Descriptive keyword for an Organization (e.g. university Find the right product for your needs. The average market cap of the portfolio companies is close to $5.52 billion. You also have the option to opt-out of these cookies. We use Compare Standard and Premium Digital here. Read a Providence-led study on disparities in COVID-19 infections. [10][11][12] The credit platform was sold to Franklin Templeton Investments in October 2018. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. We shall not bear anyliability in respect of such comments. PDF Oregon Public Employees Retirement Fund Team | PSG Providence Equity Partners L.L.C's portfolio is diversified across 3 sectors.
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