Providence Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Providence Equity Partners has acquired 11 companies. It has also invested in 3 others.

Providence Equity Partners’ most common sectors for investment aremedia (22%) and communications (16%) . The Firm’s most common investment types include secondary buyout (28%) 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 12 companies. The Firm’s most common exit type is trade sale (41%). 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 Activity228
- M&A Buy Activity130
- M&A Sell Activity98
Total Sectors Invested 18
Total Countries Invested 22
M&A Buy/Sell Connections 118
M&A Advisors 42

Providence Equity Partners

Providence Equity Partners LLC

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

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

150

800

Enterprise Value

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (3.4/yr)	#	113	4	6	4	3	-	130
vol	$80.6B	$6.0B			$807M		$87.4B
Sell (4.0/yr)	#	78	8	9	2	1	-	98
vol	$65.0B	$9.6B	$608M				$75.3B
	228

Year

≤ '19

'20

'21

'22

'23

'24

Buy (3.4/yr)

113

130

vol

$80.6B

$6.0B

$807M

$87.4B

Sell (4.0/yr)

vol

$65.0B

$9.6B

$608M

$75.3B

228

Company	Date	Value	Type
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
North Road Co.	2022-07-06	-	Growth Capital
, California
Vistage Worldwide, Inc.	2022-06-08	-	Secondary Sale
San Diego, California · www.vistage.com
AirTies Wireless Networks	2022-04-27	-	Secondary Buyout
Paris, France · www.airties.com
Grupo TorreSur	2022-01-01	-	Unknown
Sao Paulo, Brazil · www.grupotorresur.com
View All >>

Company

Date

Value

Type

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

North Road Co.

2022-07-06

Growth Capital

, California

Vistage Worldwide, Inc.

2022-06-08

Secondary Sale

San Diego, California · www.vistage.com

AirTies Wireless Networks

2022-04-27

Secondary Buyout

Paris, France · www.airties.com

Grupo TorreSur

2022-01-01

Unknown

Sao Paulo, Brazil · www.grupotorresur.com

View All >>

Company	Acquired	Add-On/Sale	Date	#
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

Company

Acquired

Add-On/Sale

Date

Anthology, Inc.

2020-01-16

Blackboard, Inc.

2021-09-13

Boca Raton, Florida · www.anthology.com

Reston, Virginia · www.blackboard.com

Anthology, Inc.

2020-01-16

Campus Labs LLC

2020-07-07

Boca Raton, Florida · www.anthology.com

Buffalo, New York · www.campuslabs.com

Anthology, Inc.

2020-01-16

Edcentric Holdings LLC

2020-07-07

Boca Raton, Florida · www.anthology.com

Overland Park, Kansas · www.edcentric.io

Bite Group

2015-12-24

TV3 Group

2017-03-17

Amsterdam, Netherlands · www.bitegroup.net

Riga, Latvia · www.tv3group.eu

Sector	Current #	Value	All-time #	Value
Media	6 (19%)	-	29 (22%)	26.0B (29%)
Communications	3 (9%)	6.0B (78%)	20 (15%)	27.1B (30%)
Software	5 (16%)	-	15 (11%)	14.3B (16%)
Internet Software and Services	3 (9%)	-	15 (11%)	-
Information Technology	2 (6%)	-	14 (11%)	3.8B (4%)
Business Services	3 (9%)	807M (10%)	8 (6%)	2.6B (3%)
Education	2 (6%)	-	7 (5%)	3.9B (4%)
Marketing	4 (13%)	576M (7%)	5 (4%)	576M (1%)
Consumer Services	1 (3%)	350M (5%)	5 (4%)	354M (< 1%)
Transportation	1 (3%)	-	3 (2%)	-
E-Commerce	1 (3%)	-	2 (2%)	7.3B (8%)
Publishing	-	-	2 (2%)	3.1B (3%)
Digital Media	-	-	2 (2%)	525M (1%)
Leisure	-	-	2 (2%)	-
Retail	-	-	1 (1%)	173M (< 1%)
Electronics	1 (3%)	-	1 (1%)	-
Healthcare Services	-	-	1 (1%)	-
Information Services	-	-	1 (1%)	-
Total	32	$7.7B	133	$89.7B

Sector

Current #

Value

All-time #

Value

Media

6 (19%)

29 (22%)

26.0B (29%)

Communications

3 (9%)

6.0B (78%)

20 (15%)

27.1B (30%)

Software

5 (16%)

15 (11%)

14.3B (16%)

Internet Software and Services

3 (9%)

15 (11%)

Information Technology

2 (6%)

14 (11%)

3.8B (4%)

Business Services

3 (9%)

807M (10%)

8 (6%)

2.6B (3%)

Education

2 (6%)

7 (5%)

3.9B (4%)

Marketing

4 (13%)

576M (7%)

5 (4%)

576M (1%)

Consumer Services

1 (3%)

350M (5%)

5 (4%)

354M (< 1%)

Transportation

1 (3%)

3 (2%)

E-Commerce

1 (3%)

2 (2%)

7.3B (8%)

Publishing

2 (2%)

3.1B (3%)

Digital Media

2 (2%)

525M (1%)

Leisure

2 (2%)

Retail

1 (1%)

173M (< 1%)

Electronics

1 (3%)

1 (1%)

Healthcare Services

1 (1%)

Information Services

1 (1%)

Total

$7.7B

133

$89.7B

State/Country	Current #	Value	All-time #	Value
United States	17 (53%)	-	84 (63%)	54.9B (61%)
	California	3 (9%)	-	11 (8%)	5.7B (6%)
	New York	2 (6%)	-	11 (8%)	17.7B (20%)
	Texas	3 (9%)	-	6 (5%)	-
	Florida	1 (3%)	-	6 (5%)	-
	Virginia	-	-	6 (5%)	5.0B (6%)
	Massachusetts	-	-	6 (5%)	-
	Pennsylvania	1 (3%)	-	5 (4%)	14.8B (16%)
	Tennessee	1 (3%)	-	4 (3%)	-
	Illinois	-	-	4 (3%)	7.3B (8%)
	Missouri	1 (3%)	-	3 (2%)	1.0B (1%)
	Ohio	1 (3%)	-	3 (2%)	-
	Colorado	1 (3%)	-	3 (2%)	-
	Connecticut	-	-	2 (2%)	1.3B (1%)
	Georgia	-	-	2 (2%)	525M (1%)
	Washington	-	-	2 (2%)	-
	Arizona	-	-	2 (2%)	-
	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	6 (19%)	1.7B (22%)	9 (7%)	2.5B (3%)
Netherlands	1 (3%)	-	5 (4%)	3.1B (3%)
India	-	-	5 (4%)	834M (1%)
France	4 (13%)	-	4 (3%)	-
Spain	2 (6%)	6.0B (78%)	4 (3%)	9.5B (11%)
Germany	1 (3%)	-	3 (2%)	-
Canada	-	-	3 (2%)	836M (1%)
	Alberta	-	-	2 (2%)	-
	Ontario	-	-	1 (1%)	836M (1%)
Finland	1 (3%)	-	2 (2%)	-
Sweden	-	-	2 (2%)	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%)	-	84 (63%)	54.9B (61%)
Cross-border	15 (47%)	7.7B (100%)	49 (37%)	34.8B (39%)
Total	32	$7.7B	133	$89.7B

State/Country

Current #

Value

All-time #

Value

United States

17 (53%)

84 (63%)

54.9B (61%)

California

3 (9%)

11 (8%)

5.7B (6%)

New York

2 (6%)

11 (8%)

17.7B (20%)

Texas

3 (9%)

6 (5%)

Florida

1 (3%)

6 (5%)

Virginia

6 (5%)

5.0B (6%)

Massachusetts

6 (5%)

Pennsylvania

1 (3%)

5 (4%)

14.8B (16%)

Tennessee

1 (3%)

4 (3%)

Illinois

4 (3%)

7.3B (8%)

Missouri

1 (3%)

3 (2%)

1.0B (1%)

Ohio

1 (3%)

3 (2%)

Colorado

1 (3%)

3 (2%)

Connecticut

2 (2%)

1.3B (1%)

Georgia

2 (2%)

525M (1%)

Washington

2 (2%)

Arizona

2 (2%)

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

6 (19%)

1.7B (22%)

9 (7%)

2.5B (3%)

Netherlands

1 (3%)

5 (4%)

3.1B (3%)

India

5 (4%)

834M (1%)

France

4 (13%)

4 (3%)

Spain

2 (6%)

6.0B (78%)

4 (3%)

9.5B (11%)

Germany

1 (3%)

3 (2%)

Canada

3 (2%)

836M (1%)

Alberta

2 (2%)

Ontario

1 (1%)

836M (1%)

Finland

1 (3%)

2 (2%)

Sweden

2 (2%)

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%)

84 (63%)

54.9B (61%)

Cross-border

15 (47%)

7.7B (100%)

49 (37%)

34.8B (39%)

Total

$7.7B

133

$89.7B

Type	Current #	Value	All-time #	Value
Secondary Buyout	15 (47%)	350M (5%)	36 (27%)	8.8B (10%)
Growth Capital	9 (28%)	-	26 (20%)	-
Buyout (LBO, MBO, MBI)	3 (9%)	6.0B (78%)	23 (17%)	9.5B (11%)
Stake Purchase	1 (3%)	-	14 (11%)	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 (2%)	15.8B (18%)
Joint Venture	1 (3%)	-	1 (1%)	-
Total	32	$7.7B	133	$89.7B

Type

Current #

Value

All-time #

Value

Secondary Buyout

15 (47%)

350M (5%)

36 (27%)

8.8B (10%)

Growth Capital

9 (28%)

26 (20%)

Buyout (LBO, MBO, MBI)

3 (9%)

6.0B (78%)

23 (17%)

9.5B (11%)

Stake Purchase

1 (3%)

14 (11%)

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 (2%)

15.8B (18%)

Joint Venture

1 (3%)

1 (1%)

Total

$7.7B

133

$89.7B

Type	Total #	Value
Secondary Sale	29 (30%)	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	98	$72.9B

Type

Total #

Value

Secondary Sale

29 (30%)

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

$72.9B

Financial	Deals
Goldman Sachs	6
Deutsche Bank Corporate & Investment Banking	4
Barclays Investment Bank	4

Financial

Deals

Goldman Sachs

Deutsche Bank Corporate & Investment Banking

Barclays Investment Bank

Legal	Deals
Weil Gotshal & Manges LLP	28
Debevoise & Plimpton	5
Allen & Overy LLP	3

Legal

Deals

Weil Gotshal & Manges LLP

Debevoise & Plimpton

Allen & Overy LLP

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)

buy

Total

> $1B

$83.0B

$100M to $1B

$6.6B

< $100M

$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)

sell

Total

> $1B

$67.6B

$100M to $1B

$7.6B

TOTAL

$75.3B

Largest

SunGard Data Systems, Inc.
$9.1B (2015-08-12)

		Deals
Acquired from
Investor(s)	28%	37 (28%)
Strategic(s)	8%	10 (8%)
Exited to
Investor(s)	31%	30 (31%)
Strategic(s)	51%	50 (51%)

Deals

Acquired from

Investor(s)

37 (28%)

Strategic(s)

10 (8%)

Exited to

Investor(s)

30 (31%)

Strategic(s)

50 (51%)

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.

Providence Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary