PROVIDENCE EQUITY PARTNERS

GTS Sells SP5 Portfolio Company Comprising 2,115 Towers

Retrieved on: 
Tuesday, February 1, 2022

Pro forma for the closing of this transaction, GTS will own and operate approximately 2,800 towers in Brazil through So Paulo Locao de Torres Ltda.

Key Points: 
  • Pro forma for the closing of this transaction, GTS will own and operate approximately 2,800 towers in Brazil through So Paulo Locao de Torres Ltda.
  • Jimmy Eisenstein, GTS Chairman and CEO, said, The sale of our SP5 portfolio represents the culmination of our strategy to create an important infrastructure business focusing on historically underserved regions of Brazil.
  • About GTS: GTS is a leading owner and operator of telecommunications infrastructure in Brazil with more than 2,800 towers.
  • As a pioneer in the tower market in Brazil, GTS has acquired more than 6,000 towers and divested more than 3,000 towers after creating proven businesses with long track records of strong organic growth.

Seesaw Announces Strategic Investment from Providence Equity Partners

Retrieved on: 
Friday, October 22, 2021

Seesaw Learning Inc. (Seesaw or the Company) announced today a strategic investment from Providence Equity Partners (Providence), a premier private equity firm that specializes in growth-oriented investments in media, communications, education, software and services.

Key Points: 
  • Seesaw Learning Inc. (Seesaw or the Company) announced today a strategic investment from Providence Equity Partners (Providence), a premier private equity firm that specializes in growth-oriented investments in media, communications, education, software and services.
  • Seesaw is used by over 10 million teachers, students, and family members in more than 130 countries.
  • Ardea Partners LP served as Seesaws exclusive financial advisor and Fenwick & West LLP served as legal advisor to Seesaw.
  • Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments.

Tenstreet Announces Majority Growth Investment From Providence Equity Partners

Retrieved on: 
Monday, October 4, 2021

Tenstreet, a leading provider of driver recruiting software and workflow solutions for the trucking industry, today announced the completion of a majority investment from funds advised by Providence Equity Partners (Providence), a leading private equity firm.

Key Points: 
  • Tenstreet, a leading provider of driver recruiting software and workflow solutions for the trucking industry, today announced the completion of a majority investment from funds advised by Providence Equity Partners (Providence), a leading private equity firm.
  • The investment will aim to accelerate growth in Tenstreets team and product portfolio as well as increase Tenstreets capacity for strategic acquisitions.
  • Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments.
  • Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy.

Anthology and Blackboard to Merge, Creating a Leading Global Provider of Education Software and Solutions

Retrieved on: 
Tuesday, September 14, 2021

Anthology , a leading provider of proven higher education solutions that support the entire learner lifecycle, and Blackboard , a leading global EdTech software and solutions company, announced today a definitive agreement to combine the two companies.

Key Points: 
  • Anthology , a leading provider of proven higher education solutions that support the entire learner lifecycle, and Blackboard , a leading global EdTech software and solutions company, announced today a definitive agreement to combine the two companies.
  • Blackboard is a leading provider of learning management software, communication tools and student success solutions to 150 million users in more than 80 countries.
  • Anthology provides higher education enterprise software and solutions around enrollment management, student engagement, alumni fundraising and institutional effectiveness.
  • Together, Blackboard and Anthology will lead the next wave of EdTech innovation, said Bill Ballhaus, Chairman, Chief Executive Officer and President of Blackboard.

Sweetwater Announces Growth Equity Investment from Providence Equity Partners

Retrieved on: 
Tuesday, June 29, 2021

Sweetwater, a leading eCommerce provider of musical instruments and audio equipment, today announced a strategic investment from funds advised by Providence Equity Partners (Providence), a premier private equity firm.

Key Points: 
  • Sweetwater, a leading eCommerce provider of musical instruments and audio equipment, today announced a strategic investment from funds advised by Providence Equity Partners (Providence), a premier private equity firm.
  • Chuck Surack, Founder and CEO of Sweetwater, said: We are thrilled to partner with Providence to help accelerate our next phase of growth and bring the Sweetwater Difference to even more customers.
  • John Hopkins, COO of Sweetwater, added: Providence is a great partner to continue our momentum and take Sweetwater to the next level.
  • Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments.