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. 5. 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. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. Under the . Meet the team that's with you every step of the way. The firm's eighth fund, Providence Equity Partners VIII, closed on $6 billion in 2019, above its $5 billion target. Nautic targets equity investments of $25 to $100 million representing majority ownership in companies with proven business models, defensible market positions, and . With its headquarters in Providence, RI, the firm also has offices in New York and London. 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. Providence remains a shareholder in the company. [40] As of 2021[update], the schools portfolio branded as Globeducate[41] has 55 schools in nine countries. The firm targets equity investments of $150 million to $500 million and can employ a variety of financing structures. We support credit card, debit card and PayPal payments. [45][46][47], In April 2019, MasMovil agreed to repurchase its convertible bond from Providence Equity. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Insights about top trending companies, startups, Providence also released a health equity statement, developed by caregivers from across the Providence family of organizations. 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 . 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. The fund is based in Providence, Rhode Island and invested in the United States. Currently, Providence Equity Partners L.L.C's portfolio is worth at least $2.64 billion. 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 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. While commenting, you shall use only actual, truthful and confirmed data. FY 2022 SBA Capital Fund - Facility Equity Initiative; FY 2022 SBA Capital Fund - ARTS Initiative Grants; FY 2023 SBA Capital Fund - Facility Equity Initiative; Contact Information 255 Westminster Street Providence . These positions were updated on August 15th based on the funds latest 13F filing. 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. university Win whats next. They allow you to move around the site and use its features. the total portfolio value. On the other hand, there are companies that Providence Equity Partners L.L.C is getting rid of from its portfolio. This includes prioritizing at-risk groups for testing, treatment and vaccinations. cookies The statement articulates a world where every person has the chance to live their healthiest life. For a full comparison of Standard and Premium Digital, click here. The fund invested in TMT and communications and networking sectors. Though we still have a ways to go, we have made significant strides over the past year. [29][30][31][32][33][34][35][36], In March 2013, Providence and the National Football League formed a global partnership to invest primarily in sports and entertainment related media assets. You bear the whole responsibility,related to their substance, content and the fact of publication. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 55 per month. 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. 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. Necessary cookies are essential to the proper function of our site. 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. To view Providence Equity Partnerss complete investments history, request access, Youre viewing 5 of 29 limited partners. TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. View contacts for Providence Equity Partners to access new leads and connect with decision-makers. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Providence has also advanced non-COVID focused programs and initiatives supported by learning collaboratives to accelerate change. 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. Airties is a leading provider of cloud-based managed Wi-Fi solutions to internet service operators globally. He graduated as a Regents Scholar from the University of California, Berkeley with a bachelors degree in Economics. Providence Equity Partners L.L.C's portfolio is diversified across 3 sectors. [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. At Providence, we recognize that long-standing inequities have led to health disparities. Providence Equity Partners L.L.C. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. The fund focuses on investments in the United States as Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. Node4 is a leading U.K. Weve served nearly half a million individuals over the past year from marginalized communities. Currently, their heaviest sector is Technology making up 72.4% of The fund investment ranges from USD $150.0 to $500 million. [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. Language links are at the top of the page across from the title. [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. Since its founding in 1989, Providence has invested over $32. 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. 1. portfolio of holdings. Do you represent Providence Equity Partners? The deal is expected to close in the third quarter. This cookie is installed by Google Analytics. Providence helps build and grow exceptional businesses that make a difference. 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. Toward that end: Read our news release about our health equity investment. This is our commitment to every patient and community we serve. without the express written approval of PSG Equity L.L.C. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. Funding to support continued global expansion of the company's guest experience platform. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. We use Over the past year, Providences health equity work has focused on underserved communities most impacted by the pandemic. Which investors participated in the most funding rounds within this hub? 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. 1. Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. 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. The venture was found in North America in United States. 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 firm has completed more than 120 investments and delivered successful results over three decades. What's the most common types of sub-organization? 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. We value each member of our diverse communities for their identities, journeys and experiences. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. Providence Equity Partners VIII is a buyout fund managed by Providence Equity Partners. The fund is located in Providence, Rhode Island and invests in Western Europe, North America. 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. Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity 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. 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. Meet the team thats with you every step of the way. Managed Service Provider (MSP). The fund focuses on investments in the United States as 100.0% of the portfolio companies are based in the United States. How much aggregate funding have these organizations raised over time? PSG invests in growth-stage software businesses and the founders and management teams that drive them. [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. [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. Considering the real fund results, this VC is 28 percentage points more often commits exit comparing to other organizations. 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"). We are investing $50 million over five years to support health equity. Find the right product for your needs. 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. Anti-trust clearance in the United States. It sold the previously owned 21,175,226 shares for $496 million. They manage 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. 6. By 2007, the firm had. [42], In October 2017, Modern Times Group sold its telecommunication businesses in the Baltic states to Providence Equity Partners. Tempo has focused on contemporary music, having acquired songs by Wiz Khalifa and. In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. He is a Phi Beta Kappa graduate of Harvard College, where he graduated with a bachelors degree in economics, magna cum laude. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. We know that every mile on their journey comes one successful step, decision, hire or investment at a time. Set your location to find care near you. Your location: Read our news release about our health equity investment, Read a Providence-led study on disparities in COVID-19 infections. Sweetwater is a leading U.S. e-commerce platform for musical instruments and equipment. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. 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. That is still the fourth-largest opening period . 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. Get the full list, Youre viewing 5 of 14 funds. 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. [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. Among the various public portfolio startups of the fund, we may underline iQiyi, Hulu, Skybox Security For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Worldwide Express and GlobalTranz have combined to create a leading non-asset-based provider of technology-driven third-party logistics solutions. For further information about the cookies we use, please see our Privacy Policy. The average market cap of the portfolio companies is close to $5.52 billion. LinkedIn sets this cookie to remember a user's language setting. 365 Retail Markets is a leading provider of self-service commerce technology to the foodservice industry. We'll use your location to find clinics, hospitals and doctors closest to you. 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. The fund targets software, education tech, TMT, SaaS sectors. Providence pioneered a sector-focused approach to private. At Providence, we recognize that inequity persists in nearly every major facet of society. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. 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. For cost savings, you can change your plan at any time online in the Settings & Account section. The main department of described VC is located in the Providence. The venture funds do deals alongside some of the country's highest-profile investment firms, including Kleiner Perkins and Carlyle. 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 . A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. By logging into the PSG Hub you agree that the information contained herein must be kept This website uses cookies to improve your experience while you navigate through the website. This is just the beginning. The majority of the companies in the funds portfolio are large-cap stocks. Tenstreet is a leading provider of SaaS HR solutions to trucking carriers for recruiting, onboarding and managing compliance for truck fleet drivers. Despite the Providence Equity Partners, startups are often financed by Brown Brothers Harriman, True Ventures, TDF Ventures. 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. LinkedIn sets the lidc cookie to facilitate data center selection. Each year, Providence serves more than 6 million people of every walk of life. personalising content and ads, providing social media features and to 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. 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. That includes in health care and the social determinants of health. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. These cookies track visitors across websites and collect information to provide customized ads. 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. Prior to joining Provenance, Paula worked closely with several leading international brands and multibillion-dollar private equity firms. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. 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. 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. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. Callaway Golf Co and bought 21,175,226 shares worth $432 million. Providence Equity Partners Portfolio Exits80 Portfolio Exits. SEC Filings include 13F quarterly reports, 13D/G events and more. When the investment is from Providence Equity Partners the average startup value is 500 millions - 1 billion dollars. But opting out of some of these cookies may have an effect on your browsing experience. 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. [1] Providence prefers to lead its investments, serve on company boards, and work collaboratively with company management. 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. Founded 2014 Locations Primary 401 Park Drive Boston, Massachusetts 02215, US Get directions 4900 Main Street Kansas City, Missouri 64112, US Get directions 15 Sloane Square London, England SW1W. A tried and tested strategy A successful investment strategy is like a muscle. Groupe La Centrale is a leading provider of car classifieds in France. As part of this work, we developed a comprehensive pandemic response to address the needs of people disproportionately impacted by COVID-19. 20% of the total holdings value. The two most similar investment funds to Providence Equity Partners L.L.C are Dearborn Partners and Cambridge Trust Co. Providence Equity Partners is the famous VC, which was founded in 1989. You may change or cancel your subscription or trial at any time online. The fund has specific favorite in a number of founders of portfolio startups. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. Tempo Music is a proprietary music rights acquisition platform that operates in partnership with Warner Music Group. CloserStill Media runs business exhibitions in the healthcare, learning and technology sectors. 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 Equity Partners L.L.C. 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. We ask you to join us on our quest to champion and deliver Health for a Better World. But the . 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. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. These funds often invest in the rounds preceeding the rounds of Providence Equity Partners: Providence Equity Partners is more likely to invest in rounds together with the following funds: These funds have a tendency to invest in the following rounds after Providence Equity Partners: There are no funds here. 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. 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 . [50], In April 2022, it was announced Providence had acquired the cloud-based managed Wi-Fi solutions provider, Airties. For the best experience, please use an alternate browser. These cookies do not store any personal information. Providence Equity Partners L.L.Cs portfolio is diversified across 3 sectors. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 3. Companies. organisation Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. Vistage is a leading subscription-based membership organization that provides peer advisory and executive coaching to CEOs. , whose value fell 2.5% in the past six months, Stocks and cryptocurrency portfolio tracker. Team Locations In Memoriam Clear filters Clear Search Collaborative.
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