Providence Equity Partners Inc. is losing two managing directors, adding to at least three top departures last year, as the buyout firm struggles to raise a new fund less than half the size of its predecessor.
Providence Equity Partners Inc. has inquired about buying Ontario Teachers’ Pension Plan’s 80 percent stake in the parent company of the Toronto Maple Leafs hockey team, the Toronto Star reported, citing an unidentified person.
Providence Equity Partners Inc. is in the lead to buy Blackboard Inc ., a maker of online educational courseware, a person with knowledge of the situation said. The shares surged as much as 5.5 percent.
Providence Equity Partners LLC, the U.S. buyout fund, is considering a bid for Maple Leaf Sports & Entertainment Ltd., owner of Toronto’s professional hockey and basketball teams, according to a person familiar with its plans.