Oliver Wriedt has joined Providence Equity Partners as a managing director in the firm’s capital markets group. He previously was a partner and co-head of marketing and structured products with GoldenTree Asset Management.
Providence Equity Partners, the leading global private equity investment firm specializing in media, entertainment, communications and information companies, announced today that Oliver Wriedt has joined Providence as a Managing Director in the firm’s Capital Markets Group.
Mr. Wriedt, 38, has served in senior leadership positions in structured and leveraged finance for the past decade, including as a Partner at GoldenTree Asset Management LP, where he was Co-Head of Marketing & Structured Products from 2004 to 2008. From 1998 to 2004, Mr. Wriedt served as Managing Director at Deutsche Bank AG in London and New York, where he held several sales management positions, most recently as managing director running the alternative asset solutions effort in North America.
“I have known Oliver for over ten years and worked closely with him at Deutsche Bank between 1999 and 2001, when he ran one of the most successful structured credit distribution teams in Northern Europe,” said Thomas Gahan, who launched the Providence Capital Markets Group in September 2008 and serves as President of the group. “Oliver is a world class talent and recognized leader in the alternative investment industry. His extensive experience and network of strong relationships will enable the Capital Markets Group to capitalize on our success and develop additional investment strategies as we continue to grow the business.”
The Providence Capital Markets Group currently invests primarily in the debt of media, entertainment, communications and information companies worldwide – the same sectors in which the firm has made equity investments for nearly 20 years. The team is led by Mr. Gahan, former Chief Executive Officer of Deutsche Bank Securities, Head of Corporate and Investment Banking in the Americas and Global Head of Capital Markets at Deutsche Bank, and includes Michael Paasche, who served 13 years at Deutsche Bank in structured and leveraged finance, most recently as global head of leveraged finance.
“Tom has an exceptional track record of building businesses, and the Providence platform gives us a unique edge in the market” said Mr. Wriedt, who will be based in Providence’s New York office. “I am excited to be working with Tom and his team again and to help in building a world class capital markets group at Providence over the long-term.”
About Providence Equity Partners
Providence Equity Partners is the leading global private equity firm specializing in equity investments in media, entertainment, communications and information companies around the world. The principals of Providence manage funds with over $22 billion in equity commitments and have invested in more than 100 companies operating in over 20 countries since the firm’s inception in 1989. Significant investments include Bresnan Broadband Holdings, Casema, Com Hem, Digiturk, Education Management Corporation, eircom, Hulu, Idea Cellular, Kabel Deutschland, NexTag, Ono, PanAmSat, ProSiebenSat.1, Recoletos, TDC, Univision, VoiceStream Wireless, Warner Music Group, Western Wireless and Yankees Entertainment & Sports Network. Providence is headquartered in Providence, RI (USA) and has offices in New York, London, Los Angeles, Hong Kong and New Delhi. Visit www.provequity.com for more information.