Providence Equity
Providence Equity Partners is a private equity firm headquartered in Providence, Rhode Island that focuses on investments in media and telecommunications. It is one of the largest private investment firms specializing in equity investments in media and communications companies.
The principals of Providence Equity manage funds with over $9 billion in equity commitments and have invested in more than 80 companies operating in over 20 countries since the firm's inception in 1991. Current and previous areas of investment include cable television content and distribution, wireless and wireline telephony, publishing, radio and television broadcasting and other media and communications sectors.
Significant investments include VoiceStream Wireless, Metro-Goldwyn-Mayer, Warner Music Group, Freedom Communications, PanAmSat, AT&T Canada, eircom, Casema, Kabel Deutschland (DE), Telcordia Technologies, Language Line, F&W Publications, USIS, ProSiebenSat.1 (DE), Bresnan Broadband Holdings , The Phones 4U Group (UK) , CanalDigitaal (NL) and TV Vlaanderen (BE) .
The firm has offices in Providence, New York, and London.
Entertainment
On April 20, 2007, Providence Equity Partners entered into an agreement to acquire all of the television stations currently owned by Clear Channel Communications.[1] 161 radio stations are also included in the deal, but it is not yet clear which radio stations are being sold.
The stations currently owned by Clear Channel are as follows:
External links
Providence Equity Partners Website [2]
  | This article about a financial services corporation of the United States is a stub. You can help Wikipedia by expanding it. |