Enters into Partnership with OUTFRONT Media to Manage the Billboards January 24, 2023 04:00 AM Pacific Standard Time NEW YORK & PROVIDENCE, R.I.–(BUSINESS WIRE)–Providence Equity Partners (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology, today announced it has acquired a multi-decade lease […]
Crisis for some is opportunity for others. Remember early 2020 when it was fashionable to show pictures of streets with no cars and airplanes crashing behind out of home signs? On April 16, 2020 Providence Equity and Ares capital invested $400 million in convertible preferred shares in OUTFRONT Media. The […]
Many private equity funds and family offices are intersted in out of home to judge from the calls Insider gets. Professional investors like the industry’s barriers to entry, low technology risk and digital billboard upside. Billboard Insider has compiled a list of 31 firms which have invested in out of […]
NEW YORK, April 16, 2020 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today announced that affiliates of Providence Equity Partners LLC (“Providence”) have agreed to lead the purchase of $400 million in newly issued convertible preferred stock together with funds managed by Ares Management Corporation (“Ares”). “We recognized the value […]
