Providence Teams Up with NFL to Make Media Investments
March 20, 2013
Providence Equity Partners has formed a strategic partnership with the National Football League to invest primarily in sports- and entertainment-related media assets. They will each commit equity to the partnership and operate it jointly, targeting growth equity investments of approximately $25 million to $50 million in private companies around the world with the capacity to make larger investments as needed. Providence Equity, a Rhode Island-based private equity firm, specializes in equity investments in media, communications, education and information companies. Its portfolio companies include World Triathlon, Yankees Sports & Entertainment Network and MLS Media.