Providence Equity Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Providence Equity Partners has acquired 16 companies. It has also invested in 19 others.

Providence Equity Partners’ most common sectors for investment are media (20%) and internet software and services (16%). The Firm’s most common investment types include growth capital (28%) and secondary buyout (22%). In total, Providence Equity Partners has invested in 27 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 23 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 Activity229
    • M&A Buy Activity144
    • M&A Sell Activity85
  • Total Sectors Invested 17
  • Total Countries Invested 22
  • M&A Buy/Sell Connections 127
  • M&A Advisors 31

Providence Equity Partners

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 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, Scandinavia, 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 ≤ '16 '17 '18 '19 '20 '21 T
Buy (8.8/yr) # 100 9 10 13 7 5 144
vol $80.8B $129M $6.0B $86.9B
Sell (5.6/yr) # 57 5 4 6 7 6 85
vol $61.2B $3.6B $9.5B $608M $75.0B
  229

Most Recent M&A

Company Date Value Type
Visualfabriq Revenue Management B.V. 2021-07-19 - Growth Capital
Maarssen, Netherlands · www.visualfabriq.com
SchoolStatus LLC 2021-07-13 - Growth Capital
Ridgeland, Mississippi · www.schoolstatus.com
Sweetwater Sound, Inc. 2021-06-29 - Buyout (LBO, MBO, MBI)
Fort Wayne, Indiana · www.sweetwater.com
GlobalTranz Enterprises LLC 2021-06-11 - Merger
Scottsdale, Arizona · www.globaltranz.com
DoubleVerify Holdings, Inc. 2021-04-21 - IPO
New York, New York · www.doubleverify.com
Therapy Brands, Inc. 2021-04-07 - Secondary Buyout
Birmingham, Alabama · www.therapybrands.com
Pineapple Payments Opco LLC 2021-03-25 - Add-on Acquisition
Pittsburgh, Pennsylvania · www.pineapplepayments.com
AbacusNext 2021-03-10 - Secondary Buyout
San Diego, California · www.abacusnext.com
Node4 Ltd. 2021-03-03 - Secondary Buyout
Derby, United Kingdom · www.node4.co.uk
RentPath, Inc. 2021-02-19 608M USD Add-on Acquisition
Norcross, Georgia · www.rentpath.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Tes Global Ltd. 2018-12-17 Tes Global’s Supply Agencies 2020-12-23 2
London, United Kingdom · www.tes.com London, United Kingdom
Blackboard, Inc. 2011-10-04 Blackboard, Inc. - Open LMS Business 2020-03-10 2
Reston, Virginia · www.blackboard.com , District of Columbia
I'Car Systems 2019-07-10 DATAFIRST 2019-07-10 1
Indre-et-loire, France · www.icarsystems.fr Lyon, France · www.datacar.com
Blackboard, Inc. 2011-10-04 Blackboard, Inc. - Transact Business Unit 2019-03-07 1
Reston, Virginia · www.blackboard.com Phoenix, Arizona
Tes Global Ltd. 2018-12-17 Times Higher Education 2019-02-01 1
London, United Kingdom · www.tes.com London, United Kingdom · www.timeshighereducation.com
SRA International, Inc. 2011-06-20 Qbase - Government Services business 2015-03-31 1
Fairfax, Virginia · www.sra.com , United States
Blackboard, Inc. 2011-10-04 Schoolwires, Inc. 2015-03-20 16
Reston, Virginia · www.blackboard.com State College, Pennsylvania · www.schoolwires.com
Blackboard, Inc. 2011-10-04 ParentLink 2014-11-13 15
Reston, Virginia · www.blackboard.com , United States · www.parentlink.com
Blackboard, Inc. 2011-10-04 Perceptis, Inc. 2014-07-08 14
Reston, Virginia · www.blackboard.com Greenville, South Carolina · www.perceptis.com
SRA International, Inc. 2011-06-20 SRA Global Clinical Development LLC 2011-10-06 1
Fairfax, Virginia · www.sra.com Durham, North Carolina

M&A by Sector

Sector Current # Value All-time # Value
Media 10 (16%) 1.0B (9%) 29 (20%) 26.4B (30%)
Internet Software and Services 11 (18%) - 22 (15%) -
Information Technology 11 (18%) 1.9B (16%) 20 (14%) 3.8B (4%)
Software 12 (20%) 1.6B (14%) 19 (13%) 14.3B (16%)
Communications 3 (5%) 6.0B (52%) 18 (12%) 27.0B (30%)
Education 4 (7%) - 9 (6%) 3.9B (4%)
Marketing 5 (8%) 576M (5%) 6 (4%) 576M (1%)
Business Services 1 (2%) - 5 (3%) 1.8B (2%)
Consumer Services 2 (3%) 354M (3%) 5 (3%) 354M (< 1%)
Digital Media 1 (2%) - 3 (2%) 525M (1%)
Publishing - - 2 (1%) 3.1B (3%)
Retail 1 (2%) - 2 (1%) 173M (< 1%)
Transportation - - 2 (1%) -
E-Commerce - - 1 (1%) 7.3B (8%)
Healthcare Services - - 1 (1%) -
Information Services - - 1 (1%) -
Leisure - - 1 (1%) -
Total 61 $11.4B 146 $89.2B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 32 (52%) 3.5B (31%) 92 (63%) 54.9B (62%)
  California 7 (11%) - 15 (10%) 5.7B (6%)
  New York - - 9 (6%) 17.7B (20%)
  Massachusetts 2 (3%) - 8 (5%) -
  Virginia 4 (7%) 3.5B (31%) 7 (5%) 5.0B (6%)
  Pennsylvania 2 (3%) - 6 (4%) 14.8B (17%)
  Colorado 3 (5%) - 4 (3%) -
  Georgia 2 (3%) - 4 (3%) 525M (1%)
  Texas 2 (3%) - 4 (3%) -
  Illinois 1 (2%) - 4 (3%) 7.3B (8%)
  Tennessee 1 (2%) - 4 (3%) -
  Florida - - 4 (3%) -
  Missouri - - 3 (2%) 1.0B (1%)
  North Carolina 2 (3%) - 2 (1%) -
  Ohio 1 (2%) - 2 (1%) -
  Connecticut - - 2 (1%) 1.3B (1%)
  Washington - - 2 (1%) -
  Arizona - - 2 (1%) -
  Nevada 1 (2%) - 1 (1%) -
  Mississippi 1 (2%) - 1 (1%) -
  Michigan 1 (2%) - 1 (1%) -
  Indiana 1 (2%) - 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 6 (10%) 926M (8%) 9 (6%) 1.7B (2%)
Spain 4 (7%) 6.0B (52%) 6 (4%) 9.5B (11%)
Netherlands 2 (3%) - 6 (4%) 3.1B (3%)
India 4 (7%) 58M (1%) 5 (3%) 888M (1%)
France 4 (7%) - 4 (3%) -
Canada 1 (2%) - 4 (3%) 981M (1%)
  Alberta 1 (2%) - 3 (2%) 145M (< 1%)
  Ontario - - 1 (1%) 836M (1%)
Finland 3 (5%) - 3 (2%) -
Sweden 1 (2%) 129M (1%) 3 (2%) 1.5B (2%)
Germany - - 2 (1%) -
Italy 1 (2%) 732M (6%) 1 (1%) 732M (1%)
Estonia 1 (2%) 91M (1%) 1 (1%) 91M (< 1%)
China 1 (2%) - 1 (1%) -
Hungary 1 (2%) - 1 (1%) -
Denmark - - 1 (1%) 15.8B (18%)
Belgium - - 1 (1%) -
Brazil - - 1 (1%) -
Indonesia - - 1 (1%) -
Ireland - - 1 (1%) -
Switzerland - - 1 (1%) -
Turkey - - 1 (1%) -
Ukraine - - 1 (1%) -
Domestic 32 (52%) 3.5B (31%) 92 (63%) 54.9B (62%)
Cross-border 29 (48%) 7.9B (69%) 54 (37%) 34.3B (38%)
Total 61 $11.4B 146 $89.2B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 27 (44%) - 40 (27%) -
Secondary Buyout 16 (26%) 1.2B (10%) 31 (21%) 8.8B (10%)
Buyout (LBO, MBO, MBI) 7 (11%) 6.0B (52%) 26 (18%) 9.7B (11%)
Divestiture 6 (10%) 129M (1%) 14 (10%) 6.0B (7%)
Stake Purchase 2 (3%) 54M (< 1%) 14 (10%) 1.3B (1%)
Going Private 3 (5%) 4.1B (36%) 11 (8%) 45.6B (51%)
Recapitalization - - 4 (3%) 2.1B (2%)
Venture - - 4 (3%) -
PIPE - - 2 (1%) 15.8B (18%)
Total 61 $11.4B 146 $89.2B

Exits by Deal Type

Type Total # Value
Secondary Sale 27 (32%) 9.7B (13%)
Trade Sale - Public Company 18 (21%) 42.4B (58%)
Trade Sale 18 (21%) 15.1B (21%)
IPO 8 (9%) -
Merger 4 (5%) 2.0B (3%)
Bankruptcy 4 (5%) -
Sold to Management 3 (4%) -
Stake Sale 2 (2%) -
Divestiture 1 (1%) 3.5B (5%)
Total 85 $72.6B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
 6
Bank of America Merrill Lynch (BofA Securities)
 4
Deutsche Bank Corporate & Investment Banking
 4
Legal Deals
Weil Gotshal & Manges LLP
 35
Debevoise & Plimpton LLP
 4
Simpson Thacher & Bartlett LLP
 2

Deal Values

buy # Total
> $1B 20 $83.0B
$100M to $1B 13 $6.1B
< $100M 3 $149M
TOTAL $89.2B
Largest TDC A/S
$15.8B (2005-11-01)
sell # Total
> $1B 18 $67.6B
$100M to $1B 15 $7.3B
TOTAL $75.0B
Largest SunGard Data Systems, Inc.
$9.1B (2015-08-12)

M&A Connections

Deals
Acquired from
Investor(s)
22%
32 (22%)
Strategic(s)
9%
13 (9%)
Exited to
Investor(s)
32%
27 (32%)
Strategic(s)
52%
44 (52%)

Investor Summary

Size

Mega

PE Assets

57.0B USD

Established

1989

Specialist/Generalist

Generalist

Leadership

Jonathan Nelson

Co-Founder & CEO

Stacey Tramonti

Global Head of Administration

Glenn Creamer

Senior Managing Director

John Hahn

Senior Managing Director

Paul Salem

Senior Managing Director

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