Providence remains a shareholder in the company. Providence Equity Partners VII is a buyout fund managed by Providence Equity Partners. [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. Nautic targets equity investments of $25 to $100 million representing majority ownership in companies with proven business models, defensible market positions, and . Necessary cookies are essential to the proper function of our site. 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. [52], Media related to Providence Equity Partners at Wikimedia Commons. Providence Equity Partners L.L.C. The average market cap of the portfolio companies is close to $5.52 billion. TCP is a leading provider of workforce management software and technology solutions serving thousands of public and private sector businesses. 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. These F&O leading practices are by no means an all . 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. cookies The fund is constantly included in 2-6 deals per year. We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. The fund targets software, education tech, TMT, SaaS sectors. 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. How much aggregate funding have these organizations raised over time? Though we still have a ways to go, we have made significant strides over the past year. 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. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity Providence Equity Partners L.L.C is an investment fund managing more than $2.64 billion ran by Sarah Conde. Premium access for businesses and educational institutions. 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 was a 1996 vintage buyout fund managed by Providence Equity Partners. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. 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. Sarah Conde also disclosed a decreased stake in DoubleVerify by approximately 0.1%. The main department of described VC is located in the Providence. With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. The largest investments include DoubleVerify and Callaway Golf Co, together worth $2.3 billion. Providence helps build and grow exceptional businesses that make a difference. 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 Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. 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. Insights about top trending companies, startups. For cost savings, you can change your plan at any time online in the Settings & Account section. [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. 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 invested in TMT and communications and networking sectors. We value each member of our diverse communities for their identities, journeys and experiences. View contacts for Providence Equity Partners to access new leads and connect with decision-makers. 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. Two years later, it raised $12 billion more in just three months. Providence pioneered a sector-focused approach to private. 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. Before TSG, Paula served as Global President of Diane von Furstenberg (DvF) from 1999 to 2013, where she led DvFs transformative growth into an international lifestyle brand and scaled the business from less than $1 million of revenue to over $300 million of revenue by leading omnichannel expansion through a global footprint of free standing DvF stores, launching DvF.com, and establishing a substantial presence in department stores worldwide. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. 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? Marlink is a leading provider of high bandwidth satellite connectivity and digital solutions to the maritime and enterprise end markets. LinkedIn sets this cookie to remember a user's language setting. Over the span of 20 years, he has been a passionate thought leader in assessing the role of information, data and technology and their impact on direct-to-consumer brands. 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. 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. The firm's eighth fund, Providence Equity Partners VIII, closed on $6 billion in 2019, above its $5 billion target. You can make choices about cookie use below. Just a few of the words that our people use to describe their PSG experience. 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. 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. 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. These resources will allow LEAs to fund projects that otherwise would not advance or would rely on issuing high interest bonds. You post comments at your own choice and risk. Providence Equity Partners L.L.C. SEC Filings include 13F quarterly reports, 13D/G events and more. 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. Tenstreet is a leading provider of SaaS HR solutions to trucking carriers for recruiting, onboarding and managing compliance for truck fleet drivers. $2.64 billion and $2.64 billion respectively. Groupe La Centrale is a leading provider of car classifieds in France. Find the right product for your needs. This cookie is installed by Google Analytics. Seesaw is a leading SaaS-based classroom technology platform targeted towards elementary grade levels. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. The main department of described VC is located in the Providence. [10][11][12] The credit platform was sold to Franklin Templeton Investments in October 2018. Prior to joining Provenance, Shawnt worked on the Global Strategy & Planning Team at Otsuka, where he was responsible for evaluating M&A opportunities and analyzing growth strategies within the consumer packaged goods division. Meet the team thats with you every step of the way. Providence Equity Partners Portfolio Exits80 Portfolio Exits. Since its founding in 1989, Providence has invested over $31 billion across more than 170 private equity portfolio companies. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. We have also formally integrated this work as a top priority in its strategic plan. 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. To view Providence Equity Partnerss complete investments history, request access, Youre viewing 5 of 29 limited partners. 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. Necessary cookies are absolutely essential for the website to function properly. Each year, we serve more than 6 million people of every walk of life. 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. [42], In October 2017, Modern Times Group sold its telecommunication businesses in the Baltic states to Providence Equity Partners. TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. 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. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. Their latest portfolio exit was n2y on April 04, 2023. LinkedIn sets this cookie to store performed actions on the website. The statement articulates a world where every person has the chance to live their healthiest life. 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 . [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. 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. We are private equity specialists, focused on growth-oriented media, communications, education and technology companies throughout North America and Europe. We value each member of our diverse communities for their identities, journeys and experiences. We do not intend to delete any comments on the website unless within our noticeand take down procedure. personalising content and ads, providing social media features and to [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. Do you represent Providence Equity Partners? Quickly find out what the most recently closed or increased positions are. The fund invested in TMT and communications and networking sectors. All rights reserved. Providence also released a health equity statement, developed by caregivers from across the Providence family of organizations. Genuine. Weve served nearly half a million individuals over the past year from marginalized communities. 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"). He graduated as a Regents Scholar from the University of California, Berkeley with a bachelors degree in Economics. The deal is expected to close in the third quarter. When the investment is from Providence Equity Partners the average startup value is 500 millions - 1 billion dollars. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Learn more about our mission, vision and values. It sold the previously owned 21,175,226 shares for $496 million. Considering the real fund results, this VC is 28 percentage points more often commits exit comparing to other organizations. 6. We offer an assisted fundraising option for startups. 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,. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Providence Equity Partners is the famous VC, which was founded in 1989. But opting out of some of these cookies may have an effect on your browsing experience. Your location: Read our news release about our health equity investment, Read a Providence-led study on disparities in COVID-19 infections. Currently, their heaviest sector is Technology making up 72.4% of the total portfolio value. Benefit Street Partners closed on a $1.75 billion middle market direct lending fund in April 2014. [3][4][5], Providence is headquartered in Providence, Rhode Island with additional offices in New York, Boston, London and Atlanta.[6]. Providence is headquartered in Providence, RI, and also has offices in New York and London. 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. Advocate to reform the drivers of health, social and economic disparities. Over the past year, Providences health equity work has focused on underserved communities most impacted by the pandemic. Tempo has focused on contemporary music, having acquired songs by Wiz Khalifa and. or Providence Equity Partners L.L.C's portfolio is diversified across 3 sectors. The fund is based in Providence, Rhode Island and invested in the United States. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. This leaves the value of the investment at $1.87 billion and 82,520,604 shares. Funding to support continued global expansion of the company's guest experience platform. 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. We've assembled a list of 10 finance and operations requirements that early-stage PE firm leaders should consider early in their journeys. 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. [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. This website uses cookies to improve your experience while you navigate through the website. We support credit card, debit card and PayPal payments. 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. These cookies track visitors across websites and collect information to provide customized ads. Nautic Partners is a middle-market private equity firm that has managed over $9.5 billion in assets since it founding in 1986. [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. Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. This is our commitment to every patient and community we serve. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. [1] Providence prefers to lead its investments, serve on company boards, and work collaboratively with company management. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. analyse how our Sites are used. The venture was found in North America in United States. Date. 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 . Since its founding in 1989, Providence has invested over $32 billion across more than 170 private equity portfolio companies. 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. Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019. [48], In September 2019, Providence Strategic Growth collected $2 billion for its fourth fund. You may change or cancel your subscription or trial at any time online. Every person deserves the chance to live their healthiest life. [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. [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. Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. Prior to that, Shawnt assessed private credit and equity investments across diversified sectors at Deerpath Capital. [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. [1] [2] Insights about top trending companies, startups, The majority of the companies in the funds portfolio are large-cap stocks. The two most similar investment funds to Providence Equity Partners L.L.C are Dearborn Partners and Cambridge Trust Co. That includes in health care and the social determinants of health. 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. Toward that end: Read our news release about our health equity investment. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. But the . Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. 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. Each year, Providence serves more than 6 million people of every walk of life. Stocks with a size of more than $10 billion in market cap make up PitchBook provides professionals in the M&A, PE and VC industries with the data and tools to make more informed business decisions. Sweetwater is a leading U.S. e-commerce platform for musical instruments and equipment. At Providence, we recognize that long-standing inequities have led to health disparities. 365 Retail Markets is a leading provider of self-service commerce technology to the foodservice industry. We use different types of cookies on the site. We provide dozens of additional datapoints about this fund. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Anton began his career as an analyst with the technology, media and telecommunications investment banking group at Jefferies in New York, where he focused on debt and equity financings, mergers & acquisitions, and restructurings. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. The fund has specific favorite in a number of founders of portfolio startups. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. university As part of this work, we developed a comprehensive pandemic response to address the needs of people disproportionately impacted by COVID-19. 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. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. By 2007, the firm had. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. A world where every person has the chance to live their healthiest life, Providence commits $50 million to address health equity. LinkedIn sets this cookie for LinkedIn Ads ID syncing. Companies. The venture was found in North America in United States.We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. 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 . 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. We use LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. 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.
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