Prov Equity Adds COO

Gary Weinstein has joined Providence Equity Partners as chief operating officer. He previously was with Lehman Brothers, as a managing director and global chief administration officer of investment banking.  

PRESS RELEASE

Providence Equity Partners, the leading global private equity investment firm specializing in media, entertainment, communications and information companies, announced today that Gary Weinstein has joined the firm as Chief Operating Officer based in the Providence office.

Mr. Weinstein, 50, joins Providence from Lehman Brothers, where he was a Managing Director and Global Chief Administrative Officer of Investment Banking.

“Gary brings world class financial institution operational experience to this newly-created role at Providence,” said Jonathan Nelson, Chief Executive Officer of Providence. “We are delighted to welcome him to the Providence team and look forward to his contributions as we continue to expand the business, pursue new investment opportunities and work with our portfolio companies.”

“My many years at Lehman Brothers were immensely enjoyable, and I greatly value my experiences with the firm,” said Mr. Weinstein. “I am excited to transition now into private equity and am very pleased to join Providence, an exceptional firm with a proven track record of creating value for their portfolio companies and investors, all while preserving an engaging culture and work environment across the entire organization. I look forward to contributing to Providence's continued success.”

Originally joining Lehman Brothers in 1988, Mr. Weinstein served in a variety of senior positions, including heading the firm's Global Convertibles, European Equities, Global Syndicate and Equity Capital Markets, Global Healthcare, Consumer Retail and Industrial Investment Banking. Prior to Lehman, Mr. Weinstein spent four years at Goldman Sachs where he was Head Trader of Convertibles.

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Mr. Weinstein earned a B.B.A. degree with highest distinction from Emory University School of Business Administration in 1979. He also earned a J.D. from the Emory University School of Law in 1982.

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 approximately $21 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, Freedom Communications, Hulu, Idea Cellular, Kabel Deutschland, Metro-Goldwyn-Mayer, NexTag, Ono, Open Solutions, 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 Hong Kong, London, Los Angeles, New Delhi and New York. Visit www.provequity.com for more information.