Providence Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Providence Equity Partners has acquired 13 companies. It has also invested in 3 others.

Providence Equity Partners’ most common sectors for investment aremedia (22%) and communications (15%) . The Firm’s most common investment types include secondary buyout (29%) and growth capital (20%). In total, Providence Equity Partners has invested in 24 US states and 22 different countries. Its largest (disclosed) acquisition occurred in 2005 when it acquired TDC A/S for $15.8B.

In the last 3 years, Providence Equity Partners has exited 14 companies. The Firm’s most common exit type is trade sale (40%). Providence Equity Partners’ largest (disclosed) exit occurred in 2015 when it sold SunGard Data Systems for $9.1B.

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M&A Summary

  • M&A Total Activity232
    • M&A Buy Activity132
    • M&A Sell Activity100
  • Total Sectors Invested 18
  • Total Countries Invested 22
  • M&A Buy/Sell Connections 118
  • M&A Advisors 45

Providence Equity Partners

Providence Equity Partners LLC

50 Kennedy Plaza, 18th Floor,
Providence, Rhode Island 02903
United States
(401) 751-1700
www.provequity.com
contact@provequity.com

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Products, Consumer Services, Digital Media, Distribution, E-Commerce, Education, Healthcare Services, Information Services, Information Technology, Internet Software and Services, Leisure, Marketing, Media, Publishing, Retail, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Asia/Pacific, Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 150 800
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.8/yr) # 113 4 6 4 3 2 132
vol $80.6B $6.0B $807M $87.4B
Sell (4.4/yr) # 78 8 9 2 1 2 100
vol $65.0B $9.6B $608M $75.3B
  232

Most Recent M&A

Company Date Value Type
TAIT 2024-07-09 - Secondary Sale
Lititz, Pennsylvania · www.taittowers.com
Superstruct Entertainment 2024-06-21 - Secondary Sale
London, United Kingdom · www.superstruct.com
Brandt Information Services LLC 2024-06-05 - Secondary Buyout
Tallahassee, Florida · www.brandtinfo.com
El Gym Iberia, S.L.U. 2024-04-29 - Secondary Buyout
Madrid, Spain · www.vivagym.es
Populous Holdings, Inc. 2023-10-17 - Growth Capital
Kansas, Missouri · www.populous.com
d&b audiotechnik GmbH 2023-07-10 - Secondary Buyout
Backnang, Germany · www.dbaudio.com
Hyve Group Ltd. 2023-06-08 807M GBP Going Private
London, United Kingdom · www.hyve.group
n2y LLC 2023-04-04 - Secondary Sale
Huron, Ohio · www.n2y.com
A2Mac1 Group 2022-11-08 - Secondary Buyout
Boulogne Billancourt, France · www.a2mac1.com
Wasserman Media Group LLC 2022-11-01 - Secondary Buyout
Los Angeles, California · www.teamwass.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
n2y LLC 2023-04-04 Texthelp Ltd. 2024-03-25 1
Huron, Ohio · www.n2y.com Antrim, United Kingdom · www.texthelp.com
Anthology, Inc. 2020-01-16 Blackboard, Inc. 2021-09-13 4
Boca Raton, Florida · www.anthology.com Reston, Virginia · www.blackboard.com
Anthology, Inc. 2020-01-16 Campus Labs LLC 2020-07-07 3
Boca Raton, Florida · www.anthology.com Buffalo, New York · www.campuslabs.com
Anthology, Inc. 2020-01-16 Edcentric Holdings LLC 2020-07-07 2
Boca Raton, Florida · www.anthology.com Overland Park, Kansas · www.edcentric.io
Bite Group 2015-12-24 TV3 Group 2017-03-17 1
Amsterdam, Netherlands · www.bitegroup.net Riga, Latvia · www.tv3group.eu

M&A by Sector

Sector Current # Value All-time # Value
Media 4 (13%) - 29 (21%) 26.0B (29%)
Communications 3 (9%) 6.0B (78%) 20 (15%) 27.1B (30%)
Internet Software and Services 4 (13%) - 16 (12%) -
Software 5 (16%) - 15 (11%) 14.3B (16%)
Information Technology 2 (6%) - 14 (10%) 3.8B (4%)
Business Services 3 (9%) 807M (10%) 8 (6%) 2.6B (3%)
Education 2 (6%) - 7 (5%) 3.9B (4%)
Consumer Services 2 (6%) 350M (5%) 6 (4%) 354M (< 1%)
Marketing 4 (13%) 576M (7%) 5 (4%) 576M (1%)
Transportation 1 (3%) - 3 (2%) -
E-Commerce 1 (3%) - 2 (1%) 7.3B (8%)
Publishing - - 2 (1%) 3.1B (3%)
Digital Media - - 2 (1%) 525M (1%)
Leisure - - 2 (1%) -
Retail - - 1 (1%) 173M (< 1%)
Electronics 1 (3%) - 1 (1%) -
Healthcare Services - - 1 (1%) -
Information Services - - 1 (1%) -
Total 32 $7.7B 135 $89.7B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 17 (53%) - 85 (63%) 54.9B (61%)
  California 3 (9%) - 11 (8%) 5.7B (6%)
  New York 2 (6%) - 11 (8%) 17.7B (20%)
  Texas 4 (13%) - 7 (5%) -
  Florida 2 (6%) - 7 (5%) -
  Virginia - - 6 (4%) 5.0B (6%)
  Massachusetts - - 6 (4%) -
  Pennsylvania - - 5 (4%) 14.8B (16%)
  Illinois - - 4 (3%) 7.3B (8%)
  Missouri 1 (3%) - 3 (2%) 1.0B (1%)
  Ohio 1 (3%) - 3 (2%) -
  Colorado 1 (3%) - 3 (2%) -
  Tennessee - - 3 (2%) -
  Connecticut - - 2 (1%) 1.3B (1%)
  Georgia - - 2 (1%) 525M (1%)
  Washington - - 2 (1%) -
  Arizona - - 2 (1%) -
  Oklahoma 1 (3%) - 1 (1%) -
  Michigan 1 (3%) - 1 (1%) -
  Indiana 1 (3%) - 1 (1%) -
  New Jersey - - 1 (1%) 1.4B (2%)
  Minnesota - - 1 (1%) 294M (< 1%)
  Oregon - - 1 (1%) -
  Maryland - - 1 (1%) -
  Alabama - - 1 (1%) -
United Kingdom 5 (16%) 1.7B (22%) 9 (7%) 2.5B (3%)
Spain 3 (9%) 6.0B (78%) 5 (4%) 9.5B (11%)
Netherlands 1 (3%) - 5 (4%) 3.1B (3%)
India - - 5 (4%) 834M (1%)
France 4 (13%) - 4 (3%) -
Germany 1 (3%) - 3 (2%) -
Canada - - 3 (2%) 836M (1%)
  Alberta - - 2 (1%) -
  Ontario - - 1 (1%) 836M (1%)
Finland 1 (3%) - 2 (1%) -
Sweden - - 2 (1%) 1.4B (2%)
Denmark - - 1 (1%) 15.8B (18%)
Italy - - 1 (1%) 732M (1%)
Estonia - - 1 (1%) 91M (< 1%)
China - - 1 (1%) -
Belgium - - 1 (1%) -
Brazil - - 1 (1%) -
Hungary - - 1 (1%) -
Indonesia - - 1 (1%) -
Ireland - - 1 (1%) -
Switzerland - - 1 (1%) -
Turkey - - 1 (1%) -
Ukraine - - 1 (1%) -
Domestic 17 (53%) - 85 (63%) 54.9B (61%)
Cross-border 15 (47%) 7.7B (100%) 50 (37%) 34.8B (39%)
Total 32 $7.7B 135 $89.7B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 17 (53%) 350M (5%) 38 (28%) 8.8B (10%)
Growth Capital 8 (25%) - 26 (19%) -
Buyout (LBO, MBO, MBI) 2 (6%) 6.0B (78%) 23 (17%) 9.5B (11%)
Stake Purchase 1 (3%) - 14 (10%) 1.2B (1%)
Going Private 2 (6%) 1.4B (18%) 12 (9%) 46.4B (52%)
Divestiture 1 (3%) - 11 (8%) 5.9B (7%)
Recapitalization - - 4 (3%) 2.1B (2%)
Venture - - 4 (3%) -
PIPE - - 2 (1%) 15.8B (18%)
Joint Venture 1 (3%) - 1 (1%) -
Total 32 $7.7B 135 $89.7B

Exits by Deal Type

Type Total # Value
Secondary Sale 31 (31%) 9.7B (13%)
Trade Sale 22 (22%) 15.2B (21%)
Trade Sale - Public Company 20 (20%) 42.5B (58%)
IPO 9 (9%) -
Merger 6 (6%) 2.0B (3%)
Bankruptcy 4 (4%) -
Sold to Management 3 (3%) -
Stake Sale 3 (3%) -
Divestiture 1 (1%) 3.5B (5%)
Unknown 1 (1%) -
Total 100 $72.9B

Top M&A Advisors

Financial Deals
Goldman Sachs
6
Barclays Investment Bank
4
Deutsche Bank Corporate & Investment Banking
4
Legal Deals
Weil Gotshal & Manges
28
Debevoise & Plimpton
5
Allen & Overy
4

Deal Values

buy # Total
> $1B 20 $83.0B
$100M to $1B 12 $6.6B
< $100M 2 $95M
TOTAL $89.7B
Largest TDC A/S
$15.8B (2005-11-01)
sell # Total
> $1B 18 $67.6B
$100M to $1B 17 $7.6B
TOTAL $75.3B
Largest SunGard Data Systems, Inc.
$9.1B (2015-08-12)

M&A Connections

Deals
Acquired from
Investor(s)
29%
39 (29%)
Strategic(s)
7%
10 (7%)
Exited to
Investor(s)
32%
32 (32%)
Strategic(s)
50%
50 (50%)

FAQ

When was Providence Equity Partners founded?

Providence Equity Partners was founded in 1989.

What type of investor is Providence Equity Partners?

Providence Equity Partners is a private equity firm.

Where is Providence Equity Partners headquartered?

Providence Equity Partners is headquartered in Providence, Rhode Island.

How much capital does Providence Equity Partners have under management?

Providence Equity Partners has 36.0B USD under management.

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