When the investment is from Providence Equity Partners the average startup value is 500 millions - 1 billion dollars. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. The Scheme is expected to become effective in May 2023. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. Knox will . Providence has also advanced non-COVID focused programs and initiatives supported by learning collaboratives to accelerate change. The firm has completed more than 120 investments and delivered successful results over three decades. Groupe La Centrale is a leading provider of car classifieds in France. Managed Service Provider (MSP). You post comments at your own choice and risk. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. These yearly adjustments compounded each year, piling on each other and raising a retired teacher's "average pension" from $40,151 in 2006 to $43,053 by 2011 and kept growing from there. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. Tenstreet is a leading provider of SaaS HR solutions to trucking carriers for recruiting, onboarding and managing compliance for truck fleet drivers. 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. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. The fund invested in TMT and communications and networking sectors. 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. 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. Save this fund for later to form your own custom list of funds, This summary is composed by our algorithm based on the analysis of the deals. PitchBook provides professionals in the M&A, PE and VC industries with the data and tools to make more informed business decisions. At Providence, we recognize that long-standing inequities have led to health disparities. On the other hand, there are companies that Providence Equity Partners L.L.C is getting rid of from its portfolio. Get the full list, Morningstar Institutional Equity Research. CPPIB, HarbourVest Partners and StepStone, had agreed to a 2:1 secondaries to primary ratio, meaning the group is set to commit as much as $450 million to Providence's latest fund, Providence Equity Partners VIII. We provide dozens of additional datapoints about this fund. Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019. Insights about top trending companies, startups, [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. In addition to his investing activities, Anthony is a guest lecturer on private investing at the UCLA Anderson School of Business and is a member of YPO. [1] [2] LinkedIn sets the lidc cookie to facilitate data center selection. The largest investments include DoubleVerify and Callaway Golf Co, together worth $2.3 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 that included Revolve, Forward by Elyse Walker, Alexis Bittar, Backcountry, and Paige Denim. As of 8th August 2022, Providence Equity Partners L.L.Cs top holding is 82,520,604 shares of DoubleVerify currently worth over $1.87 billion and making up 71.0% of the portfolio value. The firm targets equity investments of $150 million to $500 million and can employ a variety of financing structures. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 55 per month. Their latest portfolio exit was n2y on April 04, 2023. Check if your All rights reserved. [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. cookies Prior to joining Provenance, Mary Claire worked on the consumer investment team at Sands Capital Management, where she conducted global fundamental diligence on leading public companies in the consumer sector. House lawmakers say yes. Providence II $363 million committed capital / $1,605 million total portfolio value Providence I $171 million committed capital / $835 million total portfolio value Providence Growth $276 million committed capital / $353 million total portfolio value Other Prior Funds $199 million total portfolio value university 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. PSG invests in growth-stage software businesses and the founders and management teams that drive them. Node4 is a leading U.K. Since its founding in 1989, Providence has invested over $32 billion across more than 170 private equity portfolio companies. We support credit card, debit card and PayPal payments. [1] Providence prefers to lead its investments, serve on company boards, and work collaboratively with company management. At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. 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. This includes prioritizing at-risk groups for testing, treatment and vaccinations. The fund focuses on investments in the United States as 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"). The majority of the companies in the funds portfolio are large-cap stocks. Toward that end: Read our news release about our health equity investment. Though we still have a ways to go, we have made significant strides over the past year. 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. 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. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Despite the Providence Equity Partners, startups are often financed by Brown Brothers Harriman, True Ventures, TDF Ventures. n2y is a leading provider of SaaS workflow and curriculum solutions to the pre K-12 special education market. Team. [40] As of 2021[update], the schools portfolio branded as Globeducate[41] has 55 schools in nine countries. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. A leading provider of digital-first STEM curriculum for the K-12 education market, Global leader in automotive and mobility technology benchmarking, Wasserman is a global sports, music and culture agency. Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. Providence Equity Partners VII is a buyout fund managed by Providence Equity Partners. Anthony began his career as an analyst at Donaldson, Lufkin & Jenrette in New York from 1994-1996, where he focused on mergers & acquisitions, high yield financings, and leveraged buyouts. Seesaw is a leading SaaS-based classroom technology platform targeted towards elementary grade levels. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. 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. Due to the deprecation of Internet Explorer and for security reasons, the PSG site is not supported in Internet Explorer. We know that every mile on their journey comes one successful step, decision, hire or investment at a time. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. Media partnership with European soccer team. It also outlines five commitments that we pledge to deliver to every patient and every community we serve. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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). A leading provider of digital-first STEM curriculum for the K-12 education market At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. Premium access for businesses and educational institutions. 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. These resources will allow LEAs to fund projects that otherwise would not advance or would rely on issuing high interest bonds. Marlink is a leading provider of high bandwidth satellite connectivity and digital solutions to the maritime and enterprise end markets. organisation Learn more about our mission, vision and values. A single fund raised in 2005 amassed $4.26 billion. analyse how our Sites are used. By Kyle Morris. [39], In February 2017, Providence expanded its education business by buying NACE Schools, a Spain-based operator of for-profit schools. But opting out of some of these cookies may have an effect on your browsing experience. We value each member of our diverse communities for their identities, journeys and experiences. Every person deserves the chance to live their healthiest life. $2.64 billion and $2.64 billion respectively. Without these cookies, we cannot provide services through the site. Simply log into Settings & Account and select "Cancel" on the right-hand side. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. There are currently 5 companies in Mrs. Condes portfolio. The fund is constantly included in 2-6 deals per year. Prior to that, she assessed private equity co-investments in small and mid-market companies in the consumer, health and education sectors at Harris Preston & Partners, where she began her career. For further information about the cookies we use, please see our Privacy Policy. 20% of the total holdings value. Prior to that, Anton spent 5 years making control buy-and-build investments at Altpoint Capital, a private equity firm specializing in mid-sized companies in the energy, industrial and telecommunications sectors. Providence Equity Partners L.L.C. Private Equity Portfolio As of September 30, 2021 ($ 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 . The overall number of key employees were 11.This Providence Equity Partners works on 6 percentage points more the average amount of lead investments comparing to the other organizations. We also use third-party cookies that help us analyze and understand how you use this website. 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 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. Currently, their heaviest sector is Technology making up 72.4% of Set your location to find care near you. Since its founding in. 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. North Road is a global, multi-genre, independent content studio. [3][4][5], Providence is headquartered in Providence, Rhode Island with additional offices in New York, Boston, London and Atlanta.[6]. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Valuation. The meaningful sponsors for the fund in investment in the same round are Susquehanna Growth Equity, Providence Strategic Growth, First Union Corporation. We see you are visiting from an Internet Explorer browser. With its headquarters in Providence, RI, the firm also has offices in New York and London. [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. , whose value fell 2.5% in the past six months, Stocks and cryptocurrency portfolio tracker. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. Outfront Media is one of the largest providers of out-of-home advertising signage and displays in the U.S. Smartly.io is a software platform that helps many of the worlds leading digital advertisers create, manage and optimize social media ad campaigns. We are private equity specialists, focused on growth-oriented media, communications, education and technology companies throughout North America and Europe. Date. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. Two years later, it raised $12 billion more in just three months. Get the full list, Youre viewing 5 of 14 funds. Private equity-backed buyouts globally fell 51 per cent year on year in the first quarter of 2023 to total $136.1bn, according to Refinitiv data. The fund investment ranges from USD $150.0 to $500 million. Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. portfolio of holdings. Which investors participated in the most funding rounds within this hub? 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. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. But the . 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. [50], In April 2022, it was announced Providence had acquired the cloud-based managed Wi-Fi solutions provider, Airties. We offer an assisted fundraising option for startups. Except Necessary 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 statement articulates a world where every person has the chance to live their healthiest life. The fund is based in Providence, Rhode Island and invested in the United States. That includes in health care and the social determinants of health. Providence Equity Partners L.L.C closed its position in Callaway Golf Co on 15th August 2022. Learn more about our mission, vision and values. Companies. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. 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. Mary Claire graduated from the University of Texas at Austin, with a BBA in Business Honors and Finance, and a minor in textiles focused on consumer behavior. We shall not bear anyliability in respect of such comments. They allow you to move around the site and use its features. Providence was one of the principal pioneers of a sector-based approach to private equity investing. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. As social unrest has erupted across the nation and with disparities in COVID-19 on full display, Providence has responded to the signs of the times by committing $50 million to health equity over five years. Since the firm's inception in 1989, Providence has invested in over 170 companies and is a leading equity investment firm focused on the media, communications, education, software and services . KPA is a leading provider of environmental, health and safety (EHS) compliance solutions to auto dealers and other markets with similar compliance needs. Providence is headquartered in Providence, RI, and also has offices in New York and London. 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,. He is a Phi Beta Kappa graduate of Harvard College, where he graduated with a bachelors degree in economics, magna cum laude. The prior fund, Providence VII, closed with $5 billion in 2013. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. [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. We do not intend to delete any comments on the website unless within our noticeand take down procedure. Weve served nearly half a million individuals over the past year from marginalized communities. In the most recent 13F filing, Providence Equity Partners L.L.C revealed that it had opened a new position in What's the most common final funding type when companies get acquired? 365 Retail Markets is a leading provider of self-service commerce technology to the foodservice industry. 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. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Language links are at the top of the page across from the title. Providence Equity Partners is the famous VC, which was founded in 1989. personalising content and ads, providing social media features and to 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. Insights about top trending companies, startups. We've assembled a list of 10 finance and operations requirements that early-stage PE firm leaders should consider early in their journeys. View contacts for Providence Equity Partners to access new leads and connect with decision-makers. This category only includes cookies that ensures basic functionalities and security features of the website. This is just the beginning. This website uses cookies to improve your experience while you navigate through the website. We use different types of cookies on the site. While commenting, you shall use only actual, truthful and confirmed data. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Advancing health equity one person at a time. Detailed Profile of PROVIDENCE EQUITY PARTNERS L.L.C. A tried and tested strategy A successful investment strategy is like a muscle. Just a few of the words that our people use to describe their PSG experience. 6. The top amount of exits for fund were in 2019. 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 Managing Director Michael Dominguez was appointed Chief Investment Officer. The two most similar investment funds to Providence Equity Partners L.L.C are Dearborn Partners and Cambridge Trust Co. university of southern maine hockey coach,
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