Providence Equity Partners Announces Additional Investment in THE•TEAM to Support Acquisition of Founder' s Ownership Interest
Providence Equity Partners ha annunciato un nuovo investimento in THE•TEAM, per sostenere l'acquisto della quota di proprietà del fondatore. La società ha anche comunicato che Michael Watts sarà promosso a CEO. L'annuncio arriva dopo il completamento di una vendita molto competitiva, che ha portato a una nuova fase di crescita per l’azienda. La decisione riflette la fiducia continua nel business e nel team di leadership.
- Michael Watts to be Elevated to Chief Executive Officer Announcement Marks Successful Completion of Highly Competitive Sale Process and Reflects Continued Conviction in the Business, its Leadership Team, and its Long-term Growth Prospects NEW YORK, July 29, 2026 PRNewswire -- Providence Equity Partners L.L.C. ("Providence"), a leading middle-market private equity firm with deep sector expertise in media, communications, and education, and THE•TEAM (the "Company"), a leading global sports, music, and entertainment company, today announced an additional investment by Providence in the Company. The investment is designed to facilitate and provide capital for a transaction through which THE•TEAM will acquire founder Casey Wasserman's remaining ownership interest in the Company (the "Transaction"). 🔗 Leggi su Iltempo.it
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Providence Equity Partners L.L.C.: Providence Equity Partners Announces Additional Investment in THE•TEAM to Support Acquisition of Founder's Ownership InterestMichael Watts to be Elevated to Chief Executive OfficerAnnouncement Marks Successful Completion of Highly Competitive Sale Process and Reflects Continued Conviction in the Business, its Leadership ... finanznachrichten.de
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