Providence Equity Partners
A slice of the pie: Selling a stake in the GP
PE firms have been selling stakes in themselves for as long as they’ve existed. The invasion of first-time funds into Asia creates extra opportunities for LPs keen to participate in GP economics
SE Asia media peaks PE’s interest
A year ago, global private equity firms stopped ignoring Southeast Asia’s media industry and put the sector on their priority list. What changed?
Providence buys Hathway Cable stake
US-based private equity firm Providence Equity Advisors has jointly invested INR3.58 billion (US$71.36 million) with Macquarie Bank for a 17.3% stake in India’s Hathway Cable & Datacom.
Providence-backed WTC bolts on USM Events
World Triathlon Corporation (WTC), the Australian athletic events organizer owned by Providence Equity Partners, has acquired event management company USM Events.
Private equity ‘should be renamed growth capital’
PE investment should be renamed ‘growth capital’ due to the negative connotations surrounding the term ‘private equity’, Providence Equity Partners’ Jonathan Nelson said at the AVCJ Investment Summit yesterday.
Carlyle’s David Rubenstein: PE fundraisers will turn to Skype
GPs looking to raise funds will turn increasingly to online mediums such as Skype and video conferences, said David Rubenstein at the AVCJ Investment Summit in Hong Kong on Wednesday.
PE firms close in on Yahoo acquisition
Several prospective buyers of Yahoo have signed confidentiality agreements in order to get a closer look at the company’s finances.
Providence hires Actis’ Tao Sun to head China business
Providence Equity Partners has appointed Tao Sun, formerly of Actis, as managing director and head of China investment activities. Sun will start work at the firm in December.
SCPE, Providence bid for stake in Indian broadcast giant
Standard Chartered Private Equity and Providence Equity Partners are reportedly closing in on a joint 35% stake purchase in Indian broadcast giant Multi Screen Media (MSM) for approximately INR10 billion ($223.3 million).
Vodafone wants PE partner for its India business
Vodafone is in talks with at least two private equity companies as it seeks a replacement for its Indian partner Essar, The Economic Times reported, citing a person involved in the discussions.
PEP to target smaller deals in India
Providence Equity Partners plans to focus on smaller investments in India, having previously been involved in large telecom and media deals. Biswajit Subramanian, managing director of Providence Equity Advisors India, told Mint that, with big transactions...
Playing Asia’s PE field
In a business where a small number of individuals make a big amount of impact, investors in Asian private equity are finding departures of senior dealmakers becoming more than a handful
Providence invests in India’s UFO Moviez
Providence Equity Partners has invested INR2.6 billion ($58.3 million) to become the largest shareholder in digital cinema company, UFO Moviez. UFO is the world's largest satellite-based digital cinema service with close to 2,500 installations across...
Malaysian gambling operator may be up for grabs - reports
Malaysian entrepreneur Vincent Tan is reportedly considering the sale of a 49% stake in the unlisted gaming unit of Berjaya Sports Toto Bhd (B Toto), a holding company that owns, among its subsidiaries, assets linked to the gambling industry.
Providence's Sean Tong to join Mary Ma at new fund - reports
Managing Director and co-head of Providence Equity Partners in Hong Kong, Sean Tong, is reportedly set to depart the PE firm to join Boyu Capital, the startup fund of former TPG Managing Director Mary Ma announced last month.
Providence among buyers of Sir Run Run Shaw’s TVB stake
Chairman of the iconic Hong Kong entertainment brand Shaw Brothers, Sir Run Run Shaw, has sold his 26% stake in SAR broadcast major TVB to a group of investors including Providence Equity Partners – a deal said to be worth up to HK$10 billion ($1.3...
Kirkland & Ellis partner Debolt relocates to Hong Kong for private equity
Global law firm Kirkland & Ellis International has relocated PE-focused Partner Michel Debolt from London to Hong Kong to bolster its private equity practice in Asia.
Asia Pacific private equity: out of the tunnel
PE leaders at AVCJ Forum draw lessons from the Crisis
MBK lands 2010’s biggest exit with CNS
In October 2006, the month when Partners was labeled the frontrunner to buy 60% of Taiwanese cable giant China Network Systems (CNS) for $1.6 billion, the firm was dubbed ‘fledgling’ by one global financial publication.
Returns, the second time around
The Asian secondary buyouts market is finding its feet, and investors their appetite, but true potential for value-add is still case specific
MBK exits CNS to Want Want in 2010's biggest Asia result
MBK Partners has completed its exit from Taiwanese cable investee China Network Systems (CNS), selling its 60% stake to the head of local conglomerate Want Want China Holdings for $2.4 billion in 2010's largest Asian private equity exit, and nixing expectations...
Awards finalists – the people’s choice
This year's list of finalists for the AVCJ Asian Private Equity & Venture Capital Awards, released for public voting this week, was the result of the first ever open call for nominations in the Awards’ ten-year history.
Crescent sells National Hearing Care to international buyer
Crescent Capital Partners and Macquarie Group have sold local hearing healthcare business National Hearing Care Group (NHC) to Italian hearing aid retailer Amplifon SA, the leading global player in the sector, for A$460 million ($441 million).
India's Tech Mahindra sees Providence, Apax private equity interest in BT stake
Leading private equity firms seem to be lining up for one of India’s larger assets, telecoms and IT outsourcing and services provider Tech Mahindra, in a deal that could be worth up to INR37 billion ($830 million).