Providence Equity Partners

50 Kennedy Plaza, 18TH Floor
Providence, RI 2903

Website: provequity.com

Firm Size

• Assets Under Management (AUM):$24.6 Billion
• Number of Funds:38
• Employees:143
• Firm Type:Private Equity
• Focus Areas: Services
  

Description

Providence Equity Partners LLC is a global private equity firm based in Providence, Rhode Island. The firm was founded in 1989 and has established itself as a reputable player in the private equity industry. Providence Equity focuses on investments in media, communications, education, and information services sectors. The firm manages funds with total commitments exceeding $45 billion and has invested in over 200 companies worldwide. The firm's investment strategy involves partnering with exceptional management teams to help businesses grow and achieve their full potential. Providence Equity works closely with portfolio companies to drive operational improvements, provide strategic guidance, and support long-term growth initiatives. Over the years, Providence Equity has been involved in various high-profile investments, including renowned companies such as Hulu, Univision Communications, and The Chernin Group. These investments have helped the firm solidify its position as a leading investor in the media and communications sector. Providence Equity's global presence is highlighted by its offices in major cities such as New York, London, Hong Kong, and Beijing. This extensive network enables the firm to identify attractive investment opportunities across different geographies and industries. In summary, Providence Equity Partners LLC is a reputable private equity firm based in Providence, Rhode Island, with a focus on media, communications, education, and information services sectors. With a strong track record of successful investments and a global presence, the firm remains a significant player in the private equity industry.

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Mar 25, 2024: TEXTHELP AND N2Y JOIN FORCES TO MAKE EDUCATION AND THE WORKPLACE MORE INCLUSIVE FOR EVERYONE
n2y and Texthelp have agreed to merge, creating a category leader in education technology that will change the way the needs of diverse learners are met. This new organization is also committed to bridging the gap between education and the workplace, combining resources to provide support to individuals wherever they are - classroom, office, conference room or boardroom. Five Arrows, the alternative assets arm of Rothschild & Co remains the controlling shareholder of the combined business. Providence Equity Partners and Verdane will continue as minority investors alongside Five Arrows.

Jan 31, 2024: 17.5% CAGR to be Recorded in Academic E-Learning Market between 2022 and 2027, 17,000+ Technavio Research Reports
The academic e-learning market size is estimated to grow by USD 147.89 billion from 2022 to 2027 at a CAGR of 17.5% with a  YOY growth rate of 16.99%  according to Technavio.  To understand more,  request a Free sample report

Apr 04, 2023: FIVE ARROWS ACQUIRES MAJORITY STAKE IN N2Y
 n2y, provider of comprehensive, technology–powered solutions for students with unique learning challenges, today announced it has entered into an agreement to be acquired by Five Arrows, the alternative assets arm of Rothschild & Co. n2y is the inaugural deal for Five Arrows Long Term Fund ("FALT" ) which has invested alongside Five Arrows Principal Investments ("FAPI"), together "Five Arrows". Five Arrows targets category-leading B2B data and software sectors across a focused set of end-markets including education and healthcare, with a long history of investing specifically in companies addressing the learning disabilities and special needs space in both Europe and North America . Five Arrows will become the majority shareholder and Providence Equity Partners will retain a minority equity stake. The terms of the transaction were not disclosed.