[51], In September 2020, Providence announced a leadership transition plan, under which founder and CEO Jonathan M. Nelson would become Executive Chairman in January 2021. [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. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. Providence helps build and grow exceptional businesses that make a difference. With its headquarters in Providence, RI, the firm also has offices in New York and London. What's the investment trend over time for this hub? TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. TES is a global community providing recruitment and software services, training and resources to teachers and schools. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. 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. Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019. The total portfolio value may be much higher due to cash Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. The average market cap of the portfolio companies is close to $5.52 billion. 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. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 55 per month. [43][44] The newly acquired companies were united and operate under the All Media Baltics company name (currently TV3 Group). and other data for a number of reasons, such as keeping FT Sites reliable and secure, Compassion, Dignity, Justice, Excellence, Integrity. This is just the beginning. Valuation. Currently, their heaviest sector is Technology making up 72.4% of San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Managing Director Michael Dominguez was appointed Chief Investment Officer. Learn more about our mission, vision and values. About | PSG 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. Since its founding in. Worldwide Express and GlobalTranz have combined to create a leading non-asset-based provider of technology-driven third-party logistics solutions. KPA is a leading provider of environmental, health and safety (EHS) compliance solutions to auto dealers and other markets with similar compliance needs. Win whats next. Some are required for the site to work. Hyve Group Agrees to Final GBP363 Mln Takeover Offer by Providence Get the full list, Morningstar Institutional Equity Research. The deal is expected to close in the third quarter. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. But opting out of some of these cookies may have an effect on your browsing experience. PDF Oregon Public Employees Retirement Fund Read a Providence-led study on disparities in COVID-19 infections. Since the firm's inception in 1989, Providence has invested in more than 180 companies and is a leading equity investment firm focused on the media, communications, education and information industries. Marlink is a leading provider of high bandwidth satellite connectivity and digital solutions to the maritime and enterprise end markets. 10 considerations for early-stage private equity managers It sold the previously owned 21,175,226 shares for $496 million. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The fund focuses on investments in the United States as 100.0% of the portfolio companies are based in the United States. With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. 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. All rights reserved. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. How much aggregate funding have these organizations raised over time? Find the right product for your needs. Prior to joining Provenance, Paula worked closely with several leading international brands and multibillion-dollar private equity firms. Team Locations In Memoriam Clear filters Clear Search Collaborative. [7], In 2008, Providence hired Thomas Gahan as president of the firm's new capital markets group and its affiliate, Benefit Street Partners.