Since its founding in 1989, Providence has invested over $32 billion across more than 170 private equity portfolio companies. We also use third-party cookies that help us analyze and understand how you use this website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. Since its founding in 1989, Providence has invested over $31 billion across more than 170 private equity portfolio companies. 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. PROVIDENCE For 27 years, Paul J. Salem played a key role in helping Providence Equity Partners grow from managing $171 million to more than $50 billion in investments in media,. To view Providence Equity Partnerss complete investments history, request access, Youre viewing 5 of 29 limited partners. Team. Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. 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. In the most recent 13F filing, Providence Equity Partners L.L.C revealed that it had opened a new position in These cookies will be stored in your browser only with your consent. 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. He has worked closely with outstanding brands across multiple categories to help shape aggressive but prudent long-term growth strategies to maximize brand and enterprise value while minimizing risk to the organization. Sarah Conde also disclosed a decreased stake in DoubleVerify by approximately 0.1%. For the best experience, please use an alternate browser. Date. Just a few of the words that our people use to describe their PSG experience. Currently, their heaviest sector is Technology making up 72.4% of The fund focuses on investments in the United States as 100.0% of the portfolio companies are based in the United States. The cash consideration payable for the Acquisition will be funded from equity financing drawn down from the Providence Equity Funds. We are investing $50 million over five years to support health equity. Weve served nearly half a million individuals over the past year from marginalized communities. 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 . The average market cap of the portfolio companies is close to $5.52 billion. Currently, Providence Equity Partners L.L.C's portfolio is worth at least $2.64 billion. 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. Callaway Golf Co and bought 21,175,226 shares worth $432 million. Managed Service Provider (MSP). [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. These resources will allow LEAs to fund projects that otherwise would not advance or would rely on issuing high interest bonds. Shawnt began his career as an analyst with the M&A investment banking group at Lazard in Los Angeles, where he worked on transactions across Aerospace & Defense, Gaming & Leisure, and Consumer Retail. View contacts for Providence Equity Partners to access new leads and connect with decision-makers. Find the right product for your needs. [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. 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. 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. Despite the Providence Equity Partners, startups are often financed by Brown Brothers Harriman, True Ventures, TDF Ventures. . Check if your That is still the fourth-largest opening period . Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Except Necessary Cookies. Each year, we serve more than 6 million people of every walk of life. Learn more about our mission, vision and values. Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. Analytical cookies are used to understand how visitors interact with the website. Your location: Read our news release about our health equity investment, Read a Providence-led study on disparities in COVID-19 infections. Get the full list, Youre viewing 5 of 14 funds. At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. Necessary cookies are essential to the proper function of our site. Every person deserves the chance to live their healthiest life. The fund is based in Providence, Rhode Island and invested in the United States. The Providence Equity Partners L.L.C office and employees reside in Providence, Rhode Island. This website uses cookies to improve your experience while you navigate through the website. The firm's eighth fund, Providence Equity Partners VIII, closed on $6 billion in 2019, above its $5 billion target. The fund has specific favorite in a number of founders of portfolio startups. 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. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. Without these cookies, we cannot provide services through the site. The prior fund, Providence VII, closed with $5 billion in 2013. LinkedIn sets the lidc cookie to facilitate data center selection. He graduated as a Regents Scholar from the University of California, Berkeley with a bachelors degree in Economics. The fund invested in TMT and communications and networking sectors. Providence helps build and grow exceptional businesses that make a difference. organisation 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. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. He graduated with high honors from the Stephen M. Ross School of Business at the University of Michigan with a bachelors degree in business administration. Providence partners with companies at various stages of development, from growth capital and complex recapitalizations of family-owned businesses to large buyouts and take-privates. You also have the option to opt-out of these cookies. without the express written approval of PSG Equity L.L.C. You can still enjoy your subscription until the end of your current billing period. Providence Equity Partners L.L.Cs portfolio is diversified across 3 sectors. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate Providence is headquartered in Providence, RI, and also has offices in New York and London. Providence Equity Partners L.L.C is an investment fund managing more than $2.64 billion ran by Sarah Conde. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. As part of this work, we developed a comprehensive pandemic response to address the needs of people disproportionately impacted by COVID-19. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 55 per month. 1. portfolio of holdings. and other data for a number of reasons, such as keeping FT Sites reliable and secure, or Among the various public portfolio startups of the fund, we may underline iQiyi, Hulu, Skybox Security For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. At Providence, we recognize that long-standing inequities have led to health disparities. Meet the team thats with you every step of the way. Learn more about our mission, vision and values. TCP is a leading provider of workforce management software and technology solutions serving thousands of public and private sector businesses. Airties is a leading provider of cloud-based managed Wi-Fi solutions to internet service operators globally. [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. Knox will . Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. 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. [39], In February 2017, Providence expanded its education business by buying NACE Schools, a Spain-based operator of for-profit schools. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for 1 for 4 weeks, You will be billed 55 per month after the trial ends, The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency, Chinas local governments stuck with bill for neighbourhood surveillance, US says more than 20,000 Russian forces killed since December in Ukraine, Moderna co-founder calls on US politicians and judges to stop questioning science, Singapore deepens US defence ties despite Chinese financial inflows, UK employers push to cut pension scheme payments after rates windfall, Role of lawyers in misuse of NDAs to be examined by UK regulator, UK government to water down fraud proposals for tech groups, Britains Brexit capital shows signs of disillusionment with Tories, UK partnerships with life sciences groups threatened by NHS pressures, JPMorgan to acquire First Republics deposits as US regulators step in, Charlie Munger: US banks are full of bad commercial property loans, Disney uses Ron DeSantiss own words against him in free speech lawsuit, Deutsche Bank plans to beef up investment bank advisory team, JPMorgan, Citizens and PNC submit bids for First Republic, Totals chief tells investors European listing to blame for oil groups trading discount, US live news updates from May 1: JPMorgan to acquire First Republics deposits, Morgan Stanley to cut 3,000 jobs, The difference between First Republic and other recent bank failures, Investors bet on shrinking pool of tech stocks as rally narrows, China, America and why not all growth is equal, China could play a crucial role in ending the war in Ukraine, Labour has leverage to carry out private equity tax reform, Why Arsenals struggles show you shouldnt count out Donald Trump, Twill of the people: the workwear staple that never gets old, The best new sci-fi: action-packed plots and pure nerdstalgia. The Scheme is expected to become effective in May 2023. 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 With its headquarters in Providence, RI, the firm also has offices in New York and London. Prior to that, Shawnt assessed private credit and equity investments across diversified sectors at Deerpath Capital. We've assembled a list of 10 finance and operations requirements that early-stage PE firm leaders should consider early in their journeys. 2023 Providence Equity Partners L.L.C. [40] As of 2021[update], the schools portfolio branded as Globeducate[41] has 55 schools in nine countries. Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. 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 . 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 . are based in the United States. Providence Equity Partners VIII is a buyout fund managed by Providence Equity Partners. 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. Providence is a premier global private equity and credit investment firm with more than $50 billion in capital under management. We'll use your location to find clinics, hospitals and doctors closest to you. Language links are at the top of the page across from the title. We have also formally integrated this work as a top priority in its strategic plan. Benefit Street Partners closed on a $1.75 billion middle market direct lending fund in April 2014. The Boston Foundation has named M. Scott Knox as the first director of the Equality Fund, the foundation's fund to support Greater Boston nonprofits that serve the LGBTQ+ community. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. They manage This is our commitment to every patient and community we serve. [17][18][19][20][21][22][23][24][25][26][27][28], Providence's recent exits include TES, Galileo Global Education, EdgeConneX, OEConnection, PADI, Ascend Learning, Vector Solutions and ZeniMax Media. analyse how our Sites are used. We value each member of our diverse communities for their identities, journeys and experiences. If you think that some of this information is not accurate, please, The average size of a deal this fund participated in, How often the fund supports its portfolio startups at next rounds. The fund is located in Providence, Rhode Island and invests in Western Europe, North America. Under the . Necessary cookies are absolutely essential for the website to function properly. the total portfolio value. [45][46][47], In April 2019, MasMovil agreed to repurchase its convertible bond from Providence Equity. Simply log into Settings & Account and select "Cancel" on the right-hand side. 6. PSG invests in growth-stage software businesses and the founders and management teams that drive them. Quickly find out what the most recently closed or increased positions are. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. This includes prioritizing at-risk groups for testing, treatment and vaccinations. 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. What's the investment trend over time for this hub? Look at other 50 related and similar funds, Top 20 VC funds that took part in the most Private Equity funding rounds in Business Development industry over the recent years, Top 20 VC funds that took part in the most Private Equity funding rounds in Content industry over the recent years, We use cookies and similar technologies to improve your user experience. 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. Private Equity Round - The North Road Company, Investor, Startup, Company or School that the hub is based on, Total number of organizations associated with this hub, Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Total number of for-profit companies in this hub, Last Funding Round type of organizations in the hub (e.g. 3. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. 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. PSG is headquartered in Boston, Massachusetts, with offices in London and Kansas City. [42], In October 2017, Modern Times Group sold its telecommunication businesses in the Baltic states to Providence Equity Partners. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Total number of investments made by investors in this hub, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Total number of people associated with this hub, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange. Sweetwater is a leading U.S. e-commerce platform for musical instruments and equipment. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. 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. 100.0% of the portfolio companies Seesaw is a leading SaaS-based classroom technology platform targeted towards elementary grade levels. Providence also released a health equity statement, developed by caregivers from across the Providence family of organizations. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. [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. [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. Their latest portfolio exit was n2y on April 04, 2023. Detailed Profile of PROVIDENCE EQUITY PARTNERS L.L.C. Providence Equity Partners L.L.C. Two years later, it raised $12 billion more in just three months. We offer an assisted fundraising option for startups. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. [1] [2] 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. Groupe La Centrale is a leading provider of car classifieds in France. 2023 PitchBook. The fund was based in Providence, Rhode Island. In addition, the fund holds 21,175,226 shares of Callaway Golf Co worth $432 million, whose value fell 2.5% in the past six months. We see you are visiting from an Internet Explorer browser. All rights reserved. Set your location to find care near you. The fund invested in TMT and communications and networking sectors. We are private equity specialists, focused on growth-oriented media, communications, education and technology companies throughout North America and Europe. 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). The main department of described VC is located in the Providence. 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. Tenstreet is a leading provider of SaaS HR solutions to trucking carriers for recruiting, onboarding and managing compliance for truck fleet drivers. 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. Active, Closed, Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, This describes the type of investor this organization is (e.g. It sold the previously owned 21,175,226 shares for $496 million. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments.
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