Powered by

Providence Equity sells Learfield after three years

Oct 11, 2016 - The Deal Pipeline

After a three-year ownership, Providence Equity Partners LLC is selling sports marketing company Learfield Communications Inc. to Atairos Management LP, an independent private company led by former Comcast Corp. (CMCSA) chief financial officer Michael Angelakis.

Terms of the deal were not disclosed in a Saturday, Oct. 8, announcement from Learfield. A report last week from The Hollywood Reporter, however, said TPG Capital LP had bid $1.2 billion for Learfield, implying that Atairos' winnin...