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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Providence equity said to sell stake in firm to investors

Posted on 26 September 2012

Providence Equity Partners Inc., the buyout firm with holdings in Univision Communications Inc. and the cable-television network of the New York Yankees, sold a minority stake to Florida’s state pension system and a sovereign-wealth fund, said a person with knowledge of the move.
Proceeds from the sale, which will give the two investors less than 10 percent in the company, will be used to expand the business, said the person, who asked not to be identified because the transaction was private………………………………………..Full Article: Source

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