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Providence Equity Partners company logo
Private Equity
provequity.com

Investments

114

Portfolio Exits

80

Funds

27

Partners & Customers

1

Service Providers

3

About Providence Equity Partners

Providence Equity Partners is a global private equity firm focused on equity investments in media, communications, education, and information companies.

Headquarters Location

50 Kennedy Plaza 18th Floor

Providence, Rhode Island, 02903,

United States

401-751-1700

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Latest Providence Equity Partners News

Peter Chernin’s The North Road Company Acquires ‘The Last Dance’ Director Jason Hehir’s Little Room Films

Nov 15, 2023

Hehir has worked closely with Words+Pictures; in addition to producing and directing The Last Dance, which thanks to incredible footage and Michael Jordan’s participation became ESPN’s most-watched documentary ever, which was exec produced by Schell and Libby Geist, Hehir also directed and exec produced Countdown: Inspiration4 Mission to Space, the Netflix docuseries that was produced by Words+Pictures. He also worked closely with 30 for 30 co-creator Schell during his time at ESPN. Jason Hehir (Little Room Films) Little Room Films was founded by Hehir in 2021, in the wake of the success of The Last Dance. Hehir is also the director of HBO’s Andre The Giant documentary and his slate includes Murder in Boston: Roots, Rampage & Reckoning, a documentary series for HBO produced in association with The Boston Globe that is coming out in December. He also has projects in the works with Netflix. Hehir has won a number of Emmys over the years including Outstanding Directing For A Documentary/Nonfiction Program and Outstanding Documentary or Nonfiction Series for The Last Dance. He will remain President of Little Room Films. It is The North Road Company’s latest investment in a busy period. The company recently invested a “significant” stake in Two One Five Entertainment , founded by Questlove and Black Thought of The Roots, earlier this month. On the non-fiction side, it continues to expand the companies operating under Words + Pictures. Last year, it acquired Jonathan Hock’s Hock Films and, in May, acquired an ownership stake in Peyton Manning’s Omaha Productions. The North Road Company still has a lot of funding at its fingertips; it received $800 million last year including $500M from Providence Equity Partners and $300M in debt financing from Apollo Advisors, through its managed affiliates, as well as an  additional $150 million earlier this year from the Qatar Investment Authority. Words+Pictures’ slate includes a docuseries for Netflix about the U.S. Women’s National Soccer team’s 2023 World Cup run, The Yankees Win for ESPN, HBO’s The Lionheart about the late champion motorsports driver Dan Wheldon and an upcoming documentary about the late Christopher Reeve. The company also produces live shows via its Full Day Productions banner including The Netflix Cup. “All of us at Little Room Films are thrilled to join forces with The North Road Company. Peter [Chernin] and David [Nevins] are building a creative powerhouse, and we are excited to be a part of it going forward. I’m also looking forward to continuing a long and successful partnership with Connor Schell, Libby Geist, and the incredible team they’ve built at Words + Pictures. Connor is a visionary leader and a trusted collaborator. I’m excited for the possibilities ahead and grateful for the opportunity to work alongside such talented partners,” said Hehir. Schell said, “Having worked with Jason so many times, we have seen firsthand his ability to consistently tell the most compelling, high-end, and broadly resonant stories. Little Room is a perfect fit in the North Road portfolio, and we are so excited to offer the resources to help support its continued growth.”

Providence Equity Partners Investments

114 Investments

Providence Equity Partners has made 114 investments. Their latest investment was in Populous as part of their Private Equity on October 10, 2023.

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Providence Equity Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/17/2023

Private Equity

Populous

Yes

3

2/7/2023

Series B - II

Evonetix

$24M

No

17

11/1/2022

Private Equity - II

Wasserman Media Group

Yes

1

7/6/2022

Private Equity

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$99M

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10

2/10/2022

Series B

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10

Date

10/17/2023

2/7/2023

11/1/2022

7/6/2022

2/10/2022

Round

Private Equity

Series B - II

Private Equity - II

Private Equity

Series B

Company

Populous

Evonetix

Wasserman Media Group

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Amount

$24M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

3

17

1

10

10

Providence Equity Partners Portfolio Exits

80 Portfolio Exits

Providence Equity Partners has 80 portfolio exits. Their latest portfolio exit was n2y on April 04, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/4/2023

Acq - Fin - II

$99M

1

9/15/2022

Merger

$99M

2

6/8/2022

Acq - Fin - III

$99M

Undisclosed Angel Investors

3

5/26/2022

Acquired

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$99M

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10

3/29/2022

Acquired

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$99M

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10

Date

4/4/2023

9/15/2022

6/8/2022

5/26/2022

3/29/2022

Exit

Acq - Fin - II

Merger

Acq - Fin - III

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Undisclosed Angel Investors

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Sources

1

2

3

10

10

Providence Equity Partners Acquisitions

91 Acquisitions

Providence Equity Partners acquired 91 companies. Their latest acquisition was d&b audiotechnik on July 10, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/10/2023

Private Equity

$99M

Acq - Fin - IV

1

6/8/2023

$99M

Take Private

6

2/21/2023

Series B

$99M

$10M

Acq - Fin

1

1/14/2023

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$99M

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10

11/8/2022

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$99M

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10

Date

7/10/2023

6/8/2023

2/21/2023

1/14/2023

11/8/2022

Investment Stage

Private Equity

Series B

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$10M

Note

Acq - Fin - IV

Take Private

Acq - Fin

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Sources

1

6

1

10

10

Providence Equity Partners Fund History

27 Fund Histories

Providence Equity Partners has 27 funds, including Providence Strategic Growth Europe.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/9/2020

Providence Strategic Growth Europe

$723.63M

4

5/12/2020

Providence Strategic Growth Europe (Lux)

$127.02M

2

12/10/2019

Tempo Music Investments

$650M

1

9/11/2019

Providence Strategic Growth IV

$99M

10

9/5/2019

Providence Equity Partners VIII

$99M

10

Closing Date

11/9/2020

5/12/2020

12/10/2019

9/11/2019

9/5/2019

Fund

Providence Strategic Growth Europe

Providence Strategic Growth Europe (Lux)

Tempo Music Investments

Providence Strategic Growth IV

Providence Equity Partners VIII

Fund Type

Status

Amount

$723.63M

$127.02M

$650M

$99M

$99M

Sources

4

2

1

10

10

Providence Equity Partners Partners & Customers

1 Partners and customers

Providence Equity Partners has 1 strategic partners and customers. Providence Equity Partners recently partnered with Study Group on February 2, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

2/21/2019

Partner

United Kingdom

Ardian to buy Study Group from Providence Equity

Dany Rammal , Managing Director at Providence Equity Partners , said : `` We are pleased to have partnered with Study Group 's strong management team to improve academic outcomes for students around the world , grow the number of University Partners from 16 in 2010 to 48 today , and execute a number of strategic and operational efforts that position the Company well for its next phase of growth .

1

Date

2/21/2019

Type

Partner

Business Partner

Country

United Kingdom

News Snippet

Ardian to buy Study Group from Providence Equity

Dany Rammal , Managing Director at Providence Equity Partners , said : `` We are pleased to have partnered with Study Group 's strong management team to improve academic outcomes for students around the world , grow the number of University Partners from 16 in 2010 to 48 today , and execute a number of strategic and operational efforts that position the Company well for its next phase of growth .

Sources

1

Providence Equity Partners Service Providers

8 Service Providers

Providence Equity Partners has 8 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acq - Fin

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Providence Equity Partners Team

30 Team Members

Providence Equity Partners has 30 team members, including current Chief Executive Officer, Jonathan Milton Nelson.

Name

Work History

Title

Status

Jonathan Milton Nelson

Chief Executive Officer

Current

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Name

Jonathan Milton Nelson

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Work History

Title

Chief Executive Officer

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Status

Current

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