providence equity portfolio

Last year, Providence's portfolio of investments generated. These cookies do not store any personal information. Node4 is a leading U.K. Premium access for businesses and educational institutions. Our vision, Health for a Better World, is driven by a belief that health is a human right. Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. A world where every person has the chance to live their healthiest life, Providence commits $50 million to address health equity. Since its founding in 1989, Providence has invested over $31 billion across more than 170 private equity portfolio companies. [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. Team. 365 Retail Markets is a leading provider of self-service commerce technology to the foodservice industry. TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. Providence was one of the principal pioneers of a sector-based approach to private equity investing. The fund was based in Providence, Rhode Island. personalising content and ads, providing social media features and to The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. 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. Nautic targets equity investments of $25 to $100 million representing majority ownership in companies with proven business models, defensible market positions, and . Learn more about our mission, vision and values. 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 . Providence Equity Partners Portfolio Investments, Providence Equity In the next rounds fund is usually obtained by Providence Strategic Growth, Baidu, OVP Venture Partners.The current fund was established by Jonathan Nelson. When the investment is from Providence Equity Partners the average startup value is 500 millions - 1 billion dollars. 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. House lawmakers say yes. The firm's eighth fund, Providence Equity Partners VIII, closed on $6 billion in 2019, above its $5 billion target. portfolio of holdings. Prior to joining Provenance, Paula worked closely with several leading international brands and multibillion-dollar private equity firms. Tenstreet is a leading provider of SaaS HR solutions to trucking carriers for recruiting, onboarding and managing compliance for truck fleet drivers. Providence pioneered a sector-focused approach to private. , whose value fell 2.5% in the past six months, Stocks and cryptocurrency portfolio tracker. We value each member of our diverse communities for their identities, journeys and experiences. Necessary cookies are essential to the proper function of our site. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. By 2007, the firm had. While commenting, you are under the rule of our websites terms of use and privacypolicy. 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. The deal is expected to close in the third quarter. Managed Service Provider (MSP). We also use third-party cookies that help us analyze and understand how you use this website. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Providence Equity Partners 57 Investments, Portfolio, Team members At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. Considering the real fund results, this VC is 28 percentage points more often commits exit comparing to other organizations. 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. The Private Equity Firm That Grew Too Fast - The New York Times The largest investments include DoubleVerify and Callaway Golf Co, together worth $2.3 billion. Providence helps build and grow exceptional businesses that make a difference. The venture was found in North America in United States.We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. [3][4][5], Providence is headquartered in Providence, Rhode Island with additional offices in New York, Boston, London and Atlanta.[6]. But the . San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. By Kyle Morris. Providence Equity Partners - YouTube In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. TES is a global community providing recruitment and software services, training and resources to teachers and schools. Bill Aliber and Brian Shin Join Providence Strategic Growth as Managing Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. We know that every mile on their journey comes one successful step, decision, hire or investment at a time. The statement articulates a world where every person has the chance to live their healthiest life. We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. Accelerate Learning Announces Majority Investment from Providence Weve served nearly half a million individuals over the past year from marginalized communities. Get the full list, Youre viewing 5 of 14 funds. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 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 fund was based in Providence, Rhode Island. Providence seeks to exit music market with $600mn song sale Investors in Providence Equity Partners VI include Alaska Permanent Fund, which committed $40 million, the California State Teachers' Retirement System, which committed $700 million and Canada Pension Plan Investment Board, which committed $400 million, according to PEI data. 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. Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019. House approves bill to allow RI to pay for abortions sought by state Providence Equity Partners L.L.C closed its position in Callaway Golf Co on 15th August 2022. Providence Equity Partners L.L.C. LinkedIn sets this cookie to store performed actions on the website. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. 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. 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. 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 has also advanced non-COVID focused programs and initiatives supported by learning collaboratives to accelerate change. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. The fund is based in Providence, Rhode Island and invested in the United States. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Providence Equity Partners L.L.Cs portfolio is diversified across 3 sectors. Standard Digital includes access to a wealth of global news, analysis and expert opinion. and other data for a number of reasons, such as keeping FT Sites reliable and secure, How are IPOs trending over time in this hub? Benefit Street Partners closed on a $1.75 billion middle market direct lending fund in April 2014. These F&O leading practices are by no means an all . 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. Health Equity | Providence Advocate to reform the drivers of health, social and economic disparities. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Analytical cookies are used to understand how visitors interact with the website. Genuine. CloserStill Media runs business exhibitions in the healthcare, learning and technology sectors. 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 average market cap of the portfolio companies is close to $5.52 billion. 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 . 20% of the total holdings value. Home - Nautic With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. News & Media | Carlyle A single fund raised in 2005 amassed $4.26 billion. Providence remains a shareholder in the company. You bear the whole responsibility,related to their substance, content and the fact of publication. Language links are at the top of the page across from the title. 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. Read a Providence-led study on disparities in COVID-19 infections. The total portfolio value may be much higher due to cash While commenting, you shall use only actual, truthful and confirmed data. 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. LinkedIn sets this cookie for LinkedIn Ads ID syncing. strictly confidential and may not be reproduced or redistributed in whole or in part 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. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. All rights reserved. Seesaw is a leading SaaS-based classroom technology platform targeted towards elementary grade levels. Tenstreet Announces Majority Growth Investment From Providence Equity The fund is located in Providence, Rhode Island and invests in Western Europe, North America. The meaningful sponsors for the fund in investment in the same round are Susquehanna Growth Equity, Providence Strategic Growth, First Union Corporation. 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. Worldwide Express and GlobalTranz have combined to create a leading non-asset-based provider of technology-driven third-party logistics solutions. You also have the option to opt-out of these cookies. 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. 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 the consequences are often deadly, leading to higher mortality and morbidity rates for communities of color and marginalized populations. These resources will allow LEAs to fund projects that otherwise would not advance or would rely on issuing high interest bonds. It targeted commercial services and TMT sectors. In the most recent 13F filing, Providence Equity Partners L.L.C revealed that it had opened a new position in PitchBook provides professionals in the M&A, PE and VC industries with the data and tools to make more informed business decisions. All rights reserved. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. 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 $50M in Revenue (Top 10K). Meet the team thats with you every step of the way. Providence Equity Partners has 80 portfolio exits. offers FT membership to read for free. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. Paula currently serves on the board of MeUndies, a Provenance portfolio company, as well as ThredUp (NASDAQ: TDUP), a publicly-traded high-growth recommerce platform. 6. Founded 2014 Locations Primary 401 Park Drive Boston, Massachusetts 02215, US Get directions 4900 Main Street Kansas City, Missouri 64112, US Get directions 15 Sloane Square London, England SW1W. Prior to joining Provenance, Shawnt worked on the Global Strategy & Planning Team at Otsuka, where he was responsible for evaluating M&A opportunities and analyzing growth strategies within the consumer packaged goods division. Among the various public portfolio startups of the fund, we may underline iQiyi, Hulu, Skybox Security For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. When startup sums 4 or 5+ of the founder, the probability for it to get the investment is little.The standard case for the fund is to invest in rounds with 3-4 partakers. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. Detailed Profile of PROVIDENCE EQUITY PARTNERS L.L.C. We value each member of our diverse communities for their identities, journeys and experiences. Private Equity Portfolio As of September 30, 2021 ($ in millions) 2011 Blackstone Capital Partners VI $200.0 $216.8 $262.8 $111.1 1.72x 12.6% 2016 Blackstone Capital Partners VII $450.0 $462.6 $174.0 $579.9 1.63x 21.6% 2020 Blackstone Capital Partners VIII $500.0 $158.7 $5.5 $190.5 1.24x n.m. 2015 Blackstone Energy Partners II $200.0 $208.4 $49 . Some are required for the site to work. The main department of described VC is located in the Providence. As part of this planned transition, Providence appointed Davis Noell and David Phillips senior managing directors and co-heads of North America, and Karim Tabet and Andrew Tisdale senior managing directors and co-heads of Europe. They manage Team Locations In Memoriam Clear filters Clear Search Collaborative. [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. PDF Providence Memorandum - Pennsylvania Public School Employees [39], In February 2017, Providence expanded its education business by buying NACE Schools, a Spain-based operator of for-profit schools. If we find new data, we will add it here. How much aggregate funding have these organizations raised over time? If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 55 per month. The Scheme is expected to become effective in May 2023. Your location: Read our news release about our health equity investment, Read a Providence-led study on disparities in COVID-19 infections. 2. analyse how our Sites are used. Two years later, it raised $12 billion more in just three months. 100.0% of the portfolio companies He graduated as a Regents Scholar from the University of California, Berkeley with a bachelors degree in Economics. Insights about top trending companies, startups. ICG to back Providence single-asset deal | Secondaries Investor Currently, Providence Equity Partners L.L.C's portfolio is worth at least $2.64 billion. PSG invests in growth-stage software businesses and the founders and management teams that drive them. 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,. 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 fund is constantly included in 2-6 deals per year. With its headquarters in Providence, RI, the firm also has offices in New York and London. Though we still have a ways to go, we have made significant strides over the past year. Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. You may change or cancel your subscription or trial at any time online. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate NEW YORK (June 25, 2020) - SevenRooms ("the Company"), a fully-integrated, data-driven guest experience platform for the hospitality industry, has raised a $50 million Series B funding round led by Providence Strategic Growth ("PSG"). Quickly find out what the most recently closed or increased positions are. Airties is a leading provider of cloud-based managed Wi-Fi solutions to internet service operators globally. [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. Providence Equity Partners acquires lease for Times Square billboards Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. the total portfolio value. Providence Equity Partners invests in media, communications, education, and technology companies across North America and Europe. 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. But opting out of some of these cookies may have an effect on your browsing experience. That includes in health care and the social determinants of health. 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. [40] As of 2021[update], the schools portfolio branded as Globeducate[41] has 55 schools in nine countries. Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. For a full comparison of Standard and Premium Digital, click here. According to the last 13-F report filed with the SEC, Sarah Conde serves as the General Counsel & Chief Compliance Officer at Providence Equity Partners L.L.C. 1. [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. 1. 2023 PitchBook. 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Impact Secures $75 Million in Funding Led By Providence Strategic