Articles from Providence Equity Partners

Brandt Information Services (“Brandt” or the “Company”), a leading provider of outdoor recreational technology platforms, today announced an equity investment from Providence Equity Partners (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology. As part of the transaction, NexPhase Capital, LP (“NexPhase”), a thematically driven and operationally focused private equity firm and current investor in Brandt, will retain equity in the Company. Financial terms of the transaction were not disclosed. The Company will continue to be led by its CEO Travis Warren and the existing management team.

Populous Holdings, Inc. (“Populous”), a leading global sports and entertainment venue architectural and design firm, today announced a strategic minority investment from Providence Equity Partners (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology companies. The investment is subject to customary regulatory approvals and financial terms of the transaction were not disclosed.

Providence Equity Partners (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology, today announced that Katie Lyndon has joined the firm as a Managing Director, Head of Investor Relations, based in the New York office. In this newly created role, Ms. Lyndon will lead Providence’s investor relations team, setting the firm’s fundraising strategy and overseeing all its investor relations activities globally.

Accelerate Learning (“Accelerate Learning” or the “Company”), a leading provider of STEM curriculum for the K-12 education market, today announced a strategic investment from Providence Equity Partners (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology. The Company will continue to be led by President and CEO Philip Galati, and existing investors including funds managed by global investment firm Carlyle (NASDAQ: CG), Quad Partners (“Quad”), Rice University and Owl Ventures will retain minority stakes. Financial terms of the transaction were not disclosed.

Providence Equity Partners (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology, today announced it has acquired a multi-decade lease for nine marquee billboards at Two Times Square (“2TS”) and 1600 Broadway from Universal Branding Group (“UBG”). Providence has simultaneously entered into a long-term operating agreement with OUTFRONT Media Inc. (NYSE: OUT) (“OUTFRONT”), an existing Providence portfolio company and one of the largest out-of-home media companies in the U.S., under which OUTFRONT will operate the billboards on Providence’s behalf. Financial terms of the transaction were not disclosed.

Wasserman (“Wasserman” or “the Company”), a global sports, music and culture agency, today announced a strategic investment from Providence Equity Partners (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology. The investment from Providence will be used to provide capital to pursue growth initiatives and to fully redeem RedBird Capital Partners and Madrone Capital Partners, who exit as investors. Wasserman’s Founder, Chairman and CEO Casey Wasserman will continue to retain a controlling ownership stake. Financial terms of the transaction were not disclosed.

Grupo Torresur (“GTS”), a pioneer in developing the independent telecommunications tower market in Brazil, has signed an agreement to sell one of its portfolio companies, São Paulo Cinco Locação de Torres Ltda. (“SP5”), to IHS Holding Limited (NYSE: IHS) for US$315 million on a cash and debt free basis.

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 a leading SaaS-based classroom technology platform bringing teachers, students, and families together to deepen student learning and engagement with a core focus on elementary grade levels. The Company will continue to be led by co-founders Adrian Graham and Carl Sjogreen. Financial terms of the transaction were not disclosed.

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 Tenstreet’s team and product portfolio as well as increase Tenstreet’s capacity for strategic acquisitions. Existing investor Spectrum Equity (“Spectrum”) and Tenstreet Co-founder and CEO Tim Crawford will maintain significant minority stakes. Financial terms of the transaction were not disclosed.