Providence Equity Partners VIII’s $6 Billion Fundraising

Debevoise & Plimpton LLP has advised Providence Equity Partners in the formation of its eighth flagship fund, Providence Equity Partners VIII, a $6 billion global buyout fund, which closed in excess of its $5 billion target.

Providence’s previous flagship fund, Providence Equity Partners VII, closed with $5 billion in June 2013.

Providence Equity Partners is a premier asset management firm with over $45 billion in aggregate capital commitments. Since the firm’s inception in 1989, Providence has invested in over 180 companies and has become a leading equity investment firm focused on the media, communications, education and information industries.

The Debevoise team was led by partner Andrew Ahern (Picture) and includes associates Alisa Waxman, Bari Steinberg, Xiao Luo, Michael Ronca, Alexander Chang and Ignacio Saldana. Partner Rafael Kariyev and associate Lena Smith advised on tax matters.

Involved fees earner: Andrew Ahern – Debevoise & Plimpton; Alexander Chang – Debevoise & Plimpton; Rafael Kariyev – Debevoise & Plimpton; Xiao Luo – Debevoise & Plimpton; Michael Ronca – Debevoise & Plimpton; Ignacio Saldana – Debevoise & Plimpton; Lena Smith – Debevoise & Plimpton; Bari Steinberg – Debevoise & Plimpton; Alisa Waxman – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Providence Equity;