Providence Equity Partners

Providence Equity to acquire Airties

Private equity outfit Providence Equity Partners is to acquire wireless technology outfit Airties. The WiFi solutions specialist said that its board and principal shareholders, including evergreen equity investor Invus had agreed to acqusition. Financial terms of the transaction were not disclosed. Airties said that Providence’s investment will assist it with accelerating growth into new markets […]

AM Baltics appoints TVN exec as CEO

All Media Baltics (AM Baltics) has appointed TVN Group’s former head of digital and e-commerce, Christian Anting, as its CEO. AM Baltics was created last year after Providence Equity Partners acquired MTG’s media and pay TV assets in the Baltics. Anting will oversee all day-to-day operations of AM Baltics, which operates TV, radio and digital media […]

New name for Viasat Sport Baltic channel

All Media Baltics, the Providence Equity Partners-backed outfit that took control of Modern Times Group’s assets in the Baltic states last year, has rebranded the Viasat Sport Baltic premium sports channel as TVPlay Sports. The company has said that it will continue the strategy of Viasat Sport Baltic to be the market leader for premium […]

Baltcom marks progress on TV and broadband

Latvian cable operator Baltcom said it TV base increased by 50% last year, and by a further 10% in the first quarter of 2017, while internet data carried over its broadband network increased by 20%. In an update on its 2016 performance, Baltcom said that it had invested around €7 million in modernizing its network […]

Modern Times Group sells Baltic ops as it turns towards digital

Modern Times Group (MTG) is selling its operations in the Baltic states to Providence Equity Partners in a deal that values the free, pay TV and radio businesses at €115 million, or 12 times 2016 earnings before interest and tax. MTG said the sale was part of its plan to transform itself from “a traditional […]

East Capital to sell Starman Group to Providence Equity

Nordic investment group East Capital Explorer has struck a deal to sell its entire 63% in pan-Baltic cable operation Starman Group to Providence Equity. The agreement in principle would see East Capital Explorer sell its stake in Starman for an upfront payment of €81 million in cash with the potential of an additional earn-out of […]

Al Jazeera’s BeIN Sports set to take over Digiturk

Al Jazeera’s BeIN Sports is expected to acquire Turkish pay TV operator Digiturk for between US$1-US$1.2 billion (€925 million-€1.1 billion), according to local reports.  Local paper Star Gaztesi reported that finalization of the sale is imminent, pending approval by the Turkish Savings Deposit Insurance Fund (TMSF), the body that seized control of former Çukurova Holding’s […]

Astorg Partners takes majority stake in M7 Group

Private equity group Astorg Partners is acquiring a majority stake in pan-European pay TV provider M7 Group from investors led by Providence Equity Partners. Astorg, which specialises in European mid-market buyouts, will acquire a majority stake in M7’s Luxembourg-based holding company CDS Topco BV. Following the close of the transaction, Providence and Airbridge Investments BV […]