Providence Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Providence Equity Partners has acquired 3 companies. It has also invested in 1 other.

Providence Equity Partners’ most common sectors for investment aremedia (22%) and communications (15%) . The Firm’s most common investment types include secondary buyout (27%) and growth capital (20%). In total, Providence Equity Partners has invested in 25 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 2 companies. The Firm’s most common exit type is trade sale (40%). 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 Activity223
- M&A Buy Activity133
- M&A Sell Activity90
Total Sectors Invested 17
Total Countries Invested 22
M&A Buy/Sell Connections 112
M&A Advisors 36

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	≤ '20	'21	'22	'23	'24	'25	T
Buy (1.8/yr)	#	124	5	3	1	-	-	133
vol	$86.7B			$807M			$87.5B
Sell (2.0/yr)	#	80	8	1	1	-	-	90
vol	$74.7B	$608M					$75.3B
	223

Year

≤ '20

'21

'22

'23

'24

'25

Buy (1.8/yr)

124

133

vol

$86.7B

$807M

$87.5B

Sell (2.0/yr)

vol

$74.7B

$608M

$75.3B

223

Company	Date	Value	Type
Hyve Group Ltd.	2023-06-08	807M GBP	Going Private
London, United Kingdom · www.hyve.group
n2y LLC	2023-04-04	-	Secondary Buyout
Huron, Ohio · www.n2y.com
Wasserman Media Group LLC	2022-11-01	-	Secondary Buyout
Los Angeles, California · www.teamwass.com
The North Road Co.	2022-07-06	-	Growth Capital
, California
Vistage Worldwide, Inc.	2022-06-08	-	Secondary Buyout
San Diego, California · www.vistage.com
AirTies Wireless Networks	2022-04-27	-	Secondary Buyout
Istanbul, Turkey · www.airties.com
Tes Global Ltd.	2021-12-07	-	Secondary Buyout
London, United Kingdom · www.tes.com
Seesaw Learning, Inc.	2021-10-22	-	Growth Capital
San Francisco, California · web.seesaw.me
Tenstreet LLC	2021-10-04	-	Secondary Buyout
Tulsa, Oklahoma · www.tenstreet.com
Blackboard, Inc.	2021-09-13	-	Merger
Reston, Virginia · www.blackboard.com
View All >>

Company

Date

Value

Type

Hyve Group Ltd.

2023-06-08

807M GBP

Going Private

London, United Kingdom · www.hyve.group

n2y LLC

2023-04-04

Secondary Buyout

Huron, Ohio · www.n2y.com

Wasserman Media Group LLC

2022-11-01

Secondary Buyout

Los Angeles, California · www.teamwass.com

The North Road Co.

2022-07-06

Growth Capital

, California

Vistage Worldwide, Inc.

2022-06-08

Secondary Buyout

San Diego, California · www.vistage.com

AirTies Wireless Networks

2022-04-27

Secondary Buyout

Istanbul, Turkey · www.airties.com

Tes Global Ltd.

2021-12-07

Secondary Buyout

London, United Kingdom · www.tes.com

Seesaw Learning, Inc.

2021-10-22

Growth Capital

San Francisco, California · web.seesaw.me

Tenstreet LLC

2021-10-04

Secondary Buyout

Tulsa, Oklahoma · www.tenstreet.com

Blackboard, Inc.

2021-09-13

Merger

Reston, Virginia · www.blackboard.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
I'Car Systems	2019-07-10	DATAFIRST	2019-07-10	1
Indre-et-loire, France · www.icarsystems.fr	Lyon, France · www.datacar.com
SRA International, Inc.	2011-06-20	Qbase - Government Services business	2015-03-31	1
Fairfax, Virginia · www.sra.com	, United States
SRA International, Inc.	2011-06-20	SRA Global Clinical Development LLC	2011-10-06	1
Fairfax, Virginia · www.sra.com	Durham, North Carolina

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

I'Car Systems

2019-07-10

DATAFIRST

2019-07-10

Indre-et-loire, France · www.icarsystems.fr

Lyon, France · www.datacar.com

SRA International, Inc.

2011-06-20

Qbase - Government Services business

2015-03-31

Fairfax, Virginia · www.sra.com

, United States

SRA International, Inc.

2011-06-20

SRA Global Clinical Development LLC

2011-10-06

Fairfax, Virginia · www.sra.com

Durham, North Carolina

Sector	Current #	Value	All-time #	Value
Media	10 (23%)	916M (9%)	29 (21%)	26.1B (29%)
Communications	4 (9%)	6.0B (57%)	20 (15%)	27.1B (30%)
Software	8 (19%)	-	17 (13%)	14.3B (16%)
Internet Software and Services	5 (12%)	-	17 (13%)	-
Information Technology	5 (12%)	1.9B (18%)	15 (11%)	3.8B (4%)
Education	2 (5%)	-	7 (5%)	3.9B (4%)
Business Services	1 (2%)	807M (8%)	6 (4%)	2.6B (3%)
Marketing	4 (9%)	576M (5%)	5 (4%)	576M (1%)
Consumer Services	2 (5%)	354M (3%)	5 (4%)	354M (< 1%)
Digital Media	1 (2%)	-	3 (2%)	525M (1%)
Publishing	-	-	2 (1%)	3.1B (3%)
Retail	1 (2%)	-	2 (1%)	173M (< 1%)
Leisure	-	-	2 (1%)	-
Transportation	-	-	2 (1%)	-
E-Commerce	-	-	1 (1%)	7.3B (8%)
Healthcare Services	-	-	1 (1%)	-
Information Services	-	-	1 (1%)	-
Total	43	$10.5B	135	$89.9B

Sector

Current #

Value

All-time #

Value

Media

10 (23%)

916M (9%)

29 (21%)

26.1B (29%)

Communications

4 (9%)

6.0B (57%)

20 (15%)

27.1B (30%)

Software

8 (19%)

17 (13%)

14.3B (16%)

Internet Software and Services

5 (12%)

17 (13%)

Information Technology

5 (12%)

1.9B (18%)

15 (11%)

3.8B (4%)

Education

2 (5%)

7 (5%)

3.9B (4%)

Business Services

1 (2%)

807M (8%)

6 (4%)

2.6B (3%)

Marketing

4 (9%)

576M (5%)

5 (4%)

576M (1%)

Consumer Services

2 (5%)

354M (3%)

5 (4%)

354M (< 1%)

Digital Media

1 (2%)

3 (2%)

525M (1%)

Publishing

2 (1%)

3.1B (3%)

Retail

1 (2%)

2 (1%)

173M (< 1%)

Leisure

2 (1%)

Transportation

2 (1%)

E-Commerce

1 (1%)

7.3B (8%)

Healthcare Services

1 (1%)

Information Services

1 (1%)

Total

$10.5B

135

$89.9B

State/Country	Current #	Value	All-time #	Value
United States	19 (44%)	1.9B (18%)	83 (61%)	54.9B (61%)
	California	5 (12%)	-	13 (10%)	5.7B (6%)
	New York	-	-	9 (7%)	17.7B (20%)
	Massachusetts	1 (2%)	-	7 (5%)	-
	Pennsylvania	2 (5%)	-	6 (4%)	14.8B (16%)
	Virginia	1 (2%)	1.9B (18%)	6 (4%)	5.0B (6%)
	Florida	1 (2%)	-	6 (4%)	-
	Illinois	1 (2%)	-	4 (3%)	7.3B (8%)
	Texas	1 (2%)	-	4 (3%)	-
	Colorado	2 (5%)	-	3 (2%)	-
	Georgia	1 (2%)	-	3 (2%)	525M (1%)
	Tennessee	-	-	3 (2%)	-
	Connecticut	-	-	2 (1%)	1.3B (1%)
	Missouri	-	-	2 (1%)	1.0B (1%)
	Washington	-	-	2 (1%)	-
	Ohio	-	-	2 (1%)	-
	Arizona	-	-	2 (1%)	-
	Oklahoma	1 (2%)	-	1 (1%)	-
	Nevada	1 (2%)	-	1 (1%)	-
	Michigan	1 (2%)	-	1 (1%)	-
	Indiana	1 (2%)	-	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 (14%)	1.7B (16%)	10 (7%)	2.5B (3%)
India	4 (9%)	58M (1%)	5 (4%)	888M (1%)
Spain	3 (7%)	6.0B (57%)	5 (4%)	9.5B (11%)
Netherlands	1 (2%)	-	5 (4%)	3.1B (3%)
France	4 (9%)	-	4 (3%)	-
Sweden	1 (2%)	129M (1%)	3 (2%)	1.5B (2%)
Canada	-	-	3 (2%)	836M (1%)
	Alberta	-	-	2 (1%)	-
	Ontario	-	-	1 (1%)	836M (1%)
Finland	2 (5%)	-	2 (1%)	-
Turkey	1 (2%)	-	2 (1%)	-
Germany	-	-	2 (1%)	-
Italy	1 (2%)	732M (7%)	1 (1%)	732M (1%)
China	1 (2%)	-	1 (1%)	-
Denmark	-	-	1 (1%)	15.8B (18%)
Estonia	-	-	1 (1%)	91M (< 1%)
Belgium	-	-	1 (1%)	-
Brazil	-	-	1 (1%)	-
Hungary	-	-	1 (1%)	-
Indonesia	-	-	1 (1%)	-
Ireland	-	-	1 (1%)	-
Switzerland	-	-	1 (1%)	-
Ukraine	-	-	1 (1%)	-
Domestic	19 (44%)	1.9B (18%)	83 (61%)	54.9B (61%)
Cross-border	24 (56%)	8.6B (82%)	52 (39%)	35.0B (39%)
Total	43	$10.5B	135	$89.9B

State/Country

Current #

Value

All-time #

Value

United States

19 (44%)

1.9B (18%)

83 (61%)

54.9B (61%)

California

5 (12%)

13 (10%)

5.7B (6%)

New York

9 (7%)

17.7B (20%)

Massachusetts

1 (2%)

7 (5%)

Pennsylvania

2 (5%)

6 (4%)

14.8B (16%)

Virginia

1 (2%)

1.9B (18%)

6 (4%)

5.0B (6%)

Florida

1 (2%)

6 (4%)

Illinois

1 (2%)

4 (3%)

7.3B (8%)

Texas

1 (2%)

4 (3%)

Colorado

2 (5%)

3 (2%)

Georgia

1 (2%)

3 (2%)

525M (1%)

Tennessee

3 (2%)

Connecticut

2 (1%)

1.3B (1%)

Missouri

2 (1%)

1.0B (1%)

Washington

2 (1%)

Ohio

2 (1%)

Arizona

2 (1%)

Oklahoma

1 (2%)

1 (1%)

Nevada

1 (2%)

1 (1%)

Michigan

1 (2%)

1 (1%)

Indiana

1 (2%)

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 (14%)

1.7B (16%)

10 (7%)

2.5B (3%)

India

4 (9%)

58M (1%)

5 (4%)

888M (1%)

Spain

3 (7%)

6.0B (57%)

5 (4%)

9.5B (11%)

Netherlands

1 (2%)

5 (4%)

3.1B (3%)

France

4 (9%)

4 (3%)

Sweden

1 (2%)

129M (1%)

3 (2%)

1.5B (2%)

Canada

3 (2%)

836M (1%)

Alberta

2 (1%)

Ontario

1 (1%)

836M (1%)

Finland

2 (5%)

2 (1%)

Turkey

1 (2%)

2 (1%)

Germany

2 (1%)

Italy

1 (2%)

732M (7%)

1 (1%)

732M (1%)

China

1 (2%)

1 (1%)

Denmark

1 (1%)

15.8B (18%)

Estonia

1 (1%)

91M (< 1%)

Belgium

1 (1%)

Brazil

1 (1%)

Hungary

1 (1%)

Indonesia

1 (1%)

Ireland

1 (1%)

Switzerland

1 (1%)

Ukraine

1 (1%)

Domestic

19 (44%)

1.9B (18%)

83 (61%)

54.9B (61%)

Cross-border

24 (56%)

8.6B (82%)

52 (39%)

35.0B (39%)

Total

$10.5B

135

$89.9B

Type	Current #	Value	All-time #	Value
Secondary Buyout	17 (40%)	1.1B (10%)	36 (27%)	8.8B (10%)
Growth Capital	13 (30%)	-	27 (20%)	-
Buyout (LBO, MBO, MBI)	2 (5%)	6.0B (57%)	22 (16%)	9.5B (11%)
Divestiture	6 (14%)	129M (1%)	14 (10%)	6.0B (7%)
Stake Purchase	2 (5%)	54M (1%)	14 (10%)	1.3B (1%)
Going Private	3 (7%)	3.3B (31%)	12 (9%)	46.4B (52%)
Recapitalization	-	-	4 (3%)	2.1B (2%)
Venture	-	-	4 (3%)	-
PIPE	-	-	2 (1%)	15.8B (18%)
Total	43	$10.5B	135	$89.9B

Type

Current #

Value

All-time #

Value

Secondary Buyout

17 (40%)

1.1B (10%)

36 (27%)

8.8B (10%)

Growth Capital

13 (30%)

27 (20%)

Buyout (LBO, MBO, MBI)

2 (5%)

6.0B (57%)

22 (16%)

9.5B (11%)

Divestiture

6 (14%)

129M (1%)

14 (10%)

6.0B (7%)

Stake Purchase

2 (5%)

54M (1%)

14 (10%)

1.3B (1%)

Going Private

3 (7%)

3.3B (31%)

12 (9%)

46.4B (52%)

Recapitalization

4 (3%)

2.1B (2%)

Venture

4 (3%)

PIPE

2 (1%)

15.8B (18%)

Total

$10.5B

135

$89.9B

Type	Total #	Value
Secondary Sale	29 (32%)	9.7B (13%)
Trade Sale - Public Company	19 (21%)	42.5B (58%)
Trade Sale	19 (21%)	15.2B (21%)
IPO	8 (9%)	-
Merger	5 (6%)	2.0B (3%)
Bankruptcy	4 (4%)	-
Sold to Management	3 (3%)	-
Stake Sale	2 (2%)	-
Divestiture	1 (1%)	3.5B (5%)
Total	90	$72.9B

Type

Total #

Value

Secondary Sale

29 (32%)

9.7B (13%)

Trade Sale - Public Company

19 (21%)

42.5B (58%)

Trade Sale

19 (21%)

15.2B (21%)

IPO

8 (9%)

Merger

5 (6%)

2.0B (3%)

Bankruptcy

4 (4%)

Sold to Management

3 (3%)

Stake Sale

2 (2%)

Divestiture

1 (1%)

3.5B (5%)

Total

$72.9B

Financial	Deals
Goldman Sachs Investment Banking Division	6
Bank of America Merrill Lynch (BofA Securities)	4
Barclays Investment Bank	4

Financial

Deals

Goldman Sachs Investment Banking Division

Bank of America Merrill Lynch (BofA Securities)

Barclays Investment Bank

Legal	Deals
Weil Gotshal & Manges LLP	32
Debevoise & Plimpton LLP	5
Ropes & Gray	2

Legal

Deals

Weil Gotshal & Manges LLP

Debevoise & Plimpton LLP

Ropes & Gray

buy	#	Total
> $1B	20	$83.0B
$100M to $1B	13	$6.8B
< $100M	3	$149M
TOTAL	$89.9B
Largest	TDC A/S $15.8B (2005-11-01)

buy

Total

> $1B

$83.0B

$100M to $1B

$6.8B

< $100M

$149M

TOTAL

$89.9B

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)	27%	37 (27%)
Strategic(s)	10%	13 (10%)
Exited to
Investor(s)	33%	30 (33%)
Strategic(s)	50%	45 (50%)

Deals

Acquired from

Investor(s)

37 (27%)

Strategic(s)

13 (10%)

Exited to

Investor(s)

30 (33%)

Strategic(s)

45 (50%)

Providence Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary