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. organisation 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. 100.0% of the portfolio companies 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. 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. In addition, the fund holds 21,175,226 shares of Callaway Golf Co worth $432 million, whose value fell 2.5% in the past six months. The total portfolio value may be much higher due to cash Team Locations In Memoriam Clear filters Clear Search Collaborative. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Total number of investments made by investors in this hub, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Total number of people associated with this hub, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange. The fund is constantly included in 2-6 deals per year. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. It also outlines five commitments that we pledge to deliver to every patient and every community we serve. [52], Media related to Providence Equity Partners at Wikimedia Commons. 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. 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. 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. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. [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. And the consequences are often deadly, leading to higher mortality and morbidity rates for communities of color and marginalized populations. Compare Standard and Premium Digital here. Without these cookies, we cannot provide services through the site. Team. $2.64 billion and $2.64 billion respectively. [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. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 55 per month. 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. The main department of described VC is located in the Providence. Lloyd, 39, joined IMC Construction in 2017 and was previously executive vice president and general counsel, leading the company's risk management efforts.. Cottone, 63, is now the second largest . Airties is a leading provider of cloud-based managed Wi-Fi solutions to internet service operators globally. For more information, please visit www.provequity.com. We provide dozens of additional datapoints about this fund. [43][44] The newly acquired companies were united and operate under the All Media Baltics company name (currently TV3 Group). 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. LinkedIn sets this cookie for LinkedIn Ads ID syncing. Marlink is a leading provider of high bandwidth satellite connectivity and digital solutions to the maritime and enterprise end markets. This is our commitment to every patient and community we serve. 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 . Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. 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. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. The meaningful sponsors for the fund in investment in the same round are Susquehanna Growth Equity, Providence Strategic Growth, First Union Corporation. They manage You can make choices about cookie use below. For cost savings, you can change your plan at any time online in the Settings & Account section. We offer an assisted fundraising option for startups. Advocate to reform the drivers of health, social and economic disparities. A world where every person has the chance to live their healthiest life, Providence commits $50 million to address health equity. [45][46][47], In April 2019, MasMovil agreed to repurchase its convertible bond from Providence Equity. [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. Valuation. [13], In 2014, Providence established Providence Strategic Growth (PSG), its growth equity affiliate focused on investments in lower middle market software and technology-enabled service companies. Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. 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. The high activity for fund was in 2000. Toward that end: Read our news release about our health equity investment. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Quickly find out what the most recently closed or increased positions are. portfolio of holdings. 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. [7], In 2008, Providence hired Thomas Gahan as president of the firm's new capital markets group and its affiliate, Benefit Street Partners. 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. The firm has completed more than 120 investments and delivered successful results over three decades. Sweetwater is a leading U.S. e-commerce platform for musical instruments and equipment. Active, Closed, Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, This describes the type of investor this organization is (e.g. 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. Your location: Read our news release about our health equity investment, Read a Providence-led study on disparities in COVID-19 infections. [40] As of 2021[update], the schools portfolio branded as Globeducate[41] has 55 schools in nine countries. The two most similar investment funds to Providence Equity Partners L.L.C are Dearborn Partners and Cambridge Trust Co. There are currently 5 companies in Mrs. Condes portfolio. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. TCP is a leading provider of workforce management software and technology solutions serving thousands of public and private sector businesses. Sarah Conde also disclosed a decreased stake in DoubleVerify by approximately 0.1%. Companies. The majority of the companies in the funds portfolio are large-cap stocks. Each year, we serve more than 6 million people of every walk of life. Standard Digital includes access to a wealth of global news, analysis and expert opinion. As part of this work, we developed a comprehensive pandemic response to address the needs of people disproportionately impacted by COVID-19. 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. This latest funding aims to support SevenRooms' continued . YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. Insights about top trending companies, startups, But the . We value each member of our diverse communities for their identities, journeys and experiences. At Providence, we recognize that inequity persists in nearly every major facet of society. The fund was based in Providence, Rhode Island. These cookies do not store any personal information. The Scheme is expected to become effective in May 2023. Read a Providence-led study on disparities in COVID-19 infections. [17][18][19][20][21][22][23][24][25][26][27][28], Providence's recent exits include TES, Galileo Global Education, EdgeConneX, OEConnection, PADI, Ascend Learning, Vector Solutions and ZeniMax Media. 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. are based in the United States. How are IPOs trending over time in this hub? Providence was one of the principal pioneers of a sector-based approach to private equity investing. We use different types of cookies on the site. Compassion, Dignity, Justice, Excellence, Integrity. We shall not bear anyliability in respect of such comments. [39], In February 2017, Providence expanded its education business by buying NACE Schools, a Spain-based operator of for-profit schools. Providence Equity Partners L.L.C closed its position in Callaway Golf Co on 15th August 2022. On the other hand, there are companies that Providence Equity Partners L.L.C is getting rid of from its portfolio. 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. TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. LinkedIn sets this cookie to remember a user's language setting. Our investment of $50 million to reduce health disparities and achieve health equity is just the beginning. [14], Providence's investments have included AutoTrader.com Group, Blackboard Inc., Conversica, eircom, Hulu, Kabel Deutschland, MLS Media, NEW Asurion, Bluestone Television, Newport Television, Univision, VoiceStream (now T-Mobile US), Warner Music Group, Western Wireless, and World Triathlon Corporation (Ironman), YES Network and TopGolf. 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. Funding to support continued global expansion of the company's guest experience platform. 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 L.L.C. 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. How much aggregate funding have these organizations raised over time? 5. Anti-trust clearance in the United States. Each year, Providence serves more than 6 million people of every walk of life. We use You post comments at your own choice and risk. The main department of described VC is located in the Providence. He concurrently served on the investment team at ONCE Ventures, where he sourced and performed due diligence on early-stage opportunities across food, beverage, and supplements. Currently, their heaviest sector is Technology making up 72.4% of the total portfolio value. Knox will . The fund has specific favorite in a number of founders of portfolio startups. For a full comparison of Standard and Premium Digital, click here. We retain our right to delete any comment or any other content of the website at ourwill in case we know or suppose such content is illegal or breaches any lawful right. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. The prior fund, Providence VII, closed with $5 billion in 2013. 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. If we find new data, we will add it here. or personalising content and ads, providing social media features and to [1] Providence prefers to lead its investments, serve on company boards, and work collaboratively with company management. Get the full list, Youre viewing 5 of 14 funds. Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. Providence Equity Partners L.L.C is an investment fund managing more than $2.64 billion ran by Sarah Conde. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate Get the full list, Morningstar Institutional Equity Research. It sold the previously owned 21,175,226 shares for $496 million. The venture was found in North America in United States. PitchBook provides professionals in the M&A, PE and VC industries with the data and tools to make more informed business decisions. 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. 365 Retail Markets is a leading provider of self-service commerce technology to the foodservice industry. Set your location to find care near you. Look at other 50 related and similar funds, Top 20 VC funds that took part in the most Private Equity funding rounds in Business Development industry over the recent years, Top 20 VC funds that took part in the most Private Equity funding rounds in Content industry over the recent years, We use cookies and similar technologies to improve your user experience. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. Exit. 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 targets equity investments of $150 million to $500 million and can employ a variety of financing structures. 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 Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. The fund investment ranges from USD $150.0 to $500 million. We've assembled a list of 10 finance and operations requirements that early-stage PE firm leaders should consider early in their journeys. 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. 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. 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. Groupe La Centrale is a leading provider of car classifieds in France. 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. Check if your We see you are visiting from an Internet Explorer browser. 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. These positions were updated on August 15th based on the funds latest 13F filing. A tried and tested strategy A successful investment strategy is like a muscle. Providence pioneered a sector-focused approach to private. 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). 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. Analytical cookies are used to understand how visitors interact with the website. Providence has also advanced non-COVID focused programs and initiatives supported by learning collaboratives to accelerate change. SEC Filings include 13F quarterly reports, 13D/G events and more. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. 2. 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While commenting, you are under the rule of our websites terms of use and privacypolicy. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. the total portfolio value. 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. 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. 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 below charts are illustrative of the type of graphical data available to our clients and do not represent live data. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 20% of the total holdings value. 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. 2023 PitchBook.