Investment Summary

Providence Equity Partners Invests In TAIT

On February 25, 2019, private equity firm Providence Equity Partners invested in media company TAIT

Investment Highlights
  • This is Providence Equity Partners’ 26th transaction in the Media sector.
  • This is Providence Equity Partners’ 69th transaction in the United States.
  • This is Providence Equity Partners’ 5th transaction in Pennsylvania.
Investment Fate
  • TAIT was sold to a consortium of financial buyers in 2024.

Investment Summary
Date 2019-02-25
Target TAIT
Sector Media
Investor(s) Providence Equity Partners
Deal Type Growth Capital
Advisor(s) Evercore Group (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

TAIT

Lititz, Pennsylvania, United States
TAIT is a provider of advanced creative and engineering solutions to the live entertainment industry. It provides end-to-end solutions to design, construct, manufacture and operate custom-built concert touring and permanent installation experiences. TAIT was founded in 1978 and is based in Lititz, Pennsylvania.

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Investor(S) 1

Investor

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B 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 109 of 135
Sector (Media) 26 of 29
Type (Growth Capital) 21 of 26
State (Pennsylvania) 5 of 5
Country (United States) 69 of 85
Year (2019) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 Study Group

Brighton, United Kingdom

Study Group is a provider of university access and preparation programs and English language courses to international students, as well as a provider of vocational courses mainly to Australian students. The company has a presence in Australia, New Zealand, the U.K., and the U.S. Study Group is based in Brighton, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-08 OpusCapita

Helsinki, Finland

OpusCapita helps organizations sell, buy and pay more effectively by providing them with extended purchase-to-pay and order-to-cash solutions. With 600 million transactions processed annually by over 8,000 customers across more than 100 countries, company have created a global ecosystem where buyers, suppliers, banks and other parties connect, transact and grow. Together with our customers, OpusCapita is transforming sales, procurement and financial processes for the digital age. OpusCapita was founded in 1984 and is headquartered in Helsinki, Finland.

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Mergr

Product

Company

Legal