The fund was based in Providence, Rhode Island. We do not intend to delete any comments on the website unless within our noticeand take down procedure. Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. We use different types of cookies on the site. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. The cash consideration payable for the Acquisition will be funded from equity financing drawn down from the Providence Equity Funds. Since its founding in 1989, Providence has invested over $32 billion across more than 170 private equity portfolio companies. 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. cookies 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. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. Stocks with a size of more than $10 billion in market cap make up But opting out of some of these cookies may have an effect on your browsing experience. 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. Win whats next. Learn more about our mission, vision and values. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. It sold the previously owned 21,175,226 shares for $496 million. How are IPOs trending over time in this hub? At Providence, we recognize that long-standing inequities have led to health disparities. Get the full list, Youre viewing 5 of 14 funds. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Tenstreet is a leading provider of SaaS HR solutions to trucking carriers for recruiting, onboarding and managing compliance for truck fleet drivers. You may change or cancel your subscription or trial at any time online. The fund was based in Providence, Rhode Island. The fund is located in Providence, Rhode Island and invests in Western Europe, North America. Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. Get the full list, Morningstar Institutional Equity Research. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Find the right product for your needs. All rights reserved. Anti-trust clearance in the United States. We'll use your location to find clinics, hospitals and doctors closest to you. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. 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. Provenance was founded by Anthony Choe, a veteran private equity investor in the consumer space for over 20 years, with experience in leading direct-to-consumer brand investments since 2000. PSG is headquartered in Boston, Massachusetts, with offices in London and Kansas City. Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. 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 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 common things for fund are deals in the range of 50 - 100 millions dollars. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. He is a Phi Beta Kappa graduate of Harvard College, where he graduated with a bachelors degree in economics, magna cum laude. 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. 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. 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 L.L.C is an investment fund managing more than $2.64 billion ran by Sarah Conde. 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. Our vision, Health for a Better World, is driven by a belief that health is a human right. The fund focuses on investments in the United States as 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 Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. LinkedIn sets the lidc cookie to facilitate data center selection. 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. We shall not bear anyliability in respect of such comments. Which companies in this hub have the most subsidiaries? What's the most common final funding type when companies get acquired? On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. 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. 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. These cookies track visitors across websites and collect information to provide customized ads. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. What's the most common types of sub-organization? Every person deserves the chance to live their healthiest life. Some are required for the site to work. Companies. The third-largest holding is Outfront Media Inc worth $295 million and the next is Dynatrace Inc worth $22 million, with 558,645 shares owned. We support credit card, debit card and PayPal payments. 3. 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. [42], In October 2017, Modern Times Group sold its telecommunication businesses in the Baltic states to Providence Equity Partners. [3][4][5], Providence is headquartered in Providence, Rhode Island with additional offices in New York, Boston, London and Atlanta.[6]. Node4 is a leading U.K. This category only includes cookies that ensures basic functionalities and security features of the website. To view Providence Equity Partnerss complete investments history, request access, Youre viewing 5 of 29 limited partners. 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. These cookies do not store any personal information. 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. The Scheme is expected to become effective in May 2023. The fund investment ranges from USD $150.0 to $500 million. We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. 2023 Providence Equity Partners L.L.C. personalising content and ads, providing social media features and to With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. This is our commitment to every patient and community we serve. If we find new data, we will add it here. At Providence, we recognize that inequity persists in nearly every major facet of society. Premium access for businesses and educational institutions. These cookies will be stored in your browser only with your consent. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Funds with similar focus located in United States: Funds with similar geography of portfolio companies: Funds with similar focus acting as lead investors: By posting comments on our website you confirm and acknowledge that: To post a comment or write a complain, please sign in with LinkedIn. The fund is based in Providence, Rhode Island and invested in the United States. [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. Providence is a premier global private equity and credit investment firm with more than $50 billion in capital under management. You post comments at your own choice and risk. 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.
providence equity portfolio