Investment Summary

Providence Equity Partners and Turkven Invest In Digiturk

On March 26, 2007, private equity firms Providence Equity Partners and Turkven invested in media company Digiturk

Investment Highlights
  • This is Providence Equity Partners’ 13th and Turkven’s 1st transaction in the Media sector.
  • This is Providence Equity Partners’ 1st and Turkven’s 6th transaction in Turkey.
Investment Fate
  • Digiturk was sold to a strategic buyer in 2015.

Investment Summary

Date 2007-03-26
Target Digiturk
Sector Media
Investor(s) Providence Equity Partners
Turkven
Deal Type Stake Purchase

Target

Digiturk

Istanbul, Turkey
Digiturk is the pay-TV operator in Turkey with approximately 3.5 million subscribers, offering a premium mix of leading sports and entertainment content across 239 standard and high definition channels.

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Investor(S) 2

Investor

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 41 of 137
Sector: Media M&A 13 of 29
Type: Stake Purchase M&A Deals 6 of 14
Country: Turkey M&A 1 of 1
Year: 2007 M&A 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-24 M7 Group SA

Luxembourg, Belgium

M7 Group SA is the sole provider of satellite television and radio in the Netherlands and Belgium (Flanders region).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-27 Univision

New York, New York, United States

Univision entertains, informs, and empowers U.S. Hispanics with news, sports, and entertainment content across broadcast and cable television, audio, and digital platforms. The company’s media portfolio includes the Univision and UniMás broadcast networks, as well as cable networks Galavisión and TUDN. Locally, Univision owns or operates 65 television stations in major U.S. Hispanic markets and Puerto Rico. Univision was formed in 1992 and is based in New York, New York.

Buy $13.7B
Investor

Turkven

Istanbul, Turkey

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Turkven is an independent private equity firm targeting opportunities throughout Turkey. Turkven looks for situations requiring buyout, expansion and refinancing capital and will consider majority or minority investment positions. Prospective companies typically generate sales of $30 to $500 million. The Firm does not have any sector preferences. Turkven was formed in 2000 and is based in Istanbul.


DEAL STATS #
Overall 6 of 28
Sector: Media M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: Turkey M&A 6 of 28
Year: 2007 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Roma Plastik AS

Kocaeli, Turkey

In 1996 Roma began manufacturing edge bands– strips of processed plastic or paper applied to the edges of furniture – an essential component in many pieces of everyday furniture. Their particular strength was in the design, quality and colour match which are critical to the overall quality and value of the finished product.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-25 Provus Bilisim Hizmetleri A.S.

Istanbul, Turkey

Provus was founded in 2001 in order to provide outsourcing services to banks regarding card, POS and ATM operations.

Buy -