PCDHC buys VitalSmarts

Providence Equity Partners’ affiliate Providence Corporate Development Holding Company has acquired VitalSmarts. No financial terms were disclosed. Deloitte Corporate Finance served as financial advisor to VitalSmarts on the transaction. Based in Provo, Utah, VitalSmarts is a provider of corporate training and leadership development solutions.

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Astorg Partners invests in M7

Astorg Partners is planning on acquiring a majority stake in CDS Topco from an investor group led by Providence Equity Partners. No financial terms were disclosed, which is expected to be completed in the third quarter of this year. Deutsche Bank and BNP Paribas advised Providence on the transaction while Emendo Capital advised Astorg. As a result of the deal. Providence and Airbridge Investments B.V will retain “significant’ minority stakes in CDS, which operates under the name M7. Headquartered in Luxembourg, M7 is a provider of DTH satellite services.

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Arsenal Capital Partners expands team with new hire

New York-based private equity firm Arsenal Capital Partners has hired Grace Rhee Kim as a principal in investor relations. Previously, Kim worked at Providence Equity Partners where she was a principal of business development.

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Helios Towers Africa snags $630 mln

Helios Towers Africa has received $630 million in funding. The investors include Quantum Strategic Partners, Helios Investment Partners, Albright Capital Management, RIT Capital Partners, the International Finance Corp., Providence Equity Partners and IFC African, Latin American and Caribbean Fund. HTA is a telecommunications towers firm in Africa.

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Providence buys stake in Indian home shopping business

Providence Equity Partners has acquired a 50 percent stake in STAR CJ Network India Pvt. Ltd., a home shopping joint venture with Korea’s CJ O Shopping Co. Ltd. The stake was sold by Star HS Ltd., an affiliate of STAR India, a media and entertainment conglomerate. Financial details were not disclosed.

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Vodafone paying 10.4x cash flow for Spain’s Ono: Reuters

Vodafone has agreed to buy Spain’s largest cable operator, Ono , for 7.2 billion euros ($10 billion), the latest hefty deal in a European telecoms sector starting to rebuild as the region recovers from a recession, sister news service Reuters reported. Ono is 54 percent owned by a group of large buyout shops.

Reuters – Providence Equity Suffers Senior Asia departure

Providence Equity Partners has lost another top executive in Asia, its fourth senior departure in the region since 2008, as it struggles with a limited supply of suitable investment targets and a shrinking volume of Asian private equity deals, writes Reuters. Patrick Corso, a senior managing director, has stepped down as head of Providence’s Hong Kong office, people familiar with the move told Reuters.

Reuters – NFL, Providence Equity Form Strategic Investment Partnership

The National Football League and Providence Equity Partners have formed a strategic partnership to focus on investing in sports- and entertainment-related media assets, writes Reuters. The NFL and the New York-based private equity firm said they will commit equity and jointly operate the global strategic partnership. Terms of the commitments were not public.

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