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LGT Capital Partners and Providence Equity Partners close strategic transaction to acquire minority stakes in six assets and commit fresh capital

29 January 2025

LGT Capital Partners and Providence Equity Partners L.L.C. (Providence) completed a bespoke strategic transaction pursuant to which LGT Capital Partners-advised entities acquired minority stakes in six existing Providence portfolio companies. As part of the transaction, the LGT Capital Partners-advised entities also committed capital to Providence’s latest fund.

Andrew DiGeronimo, Partner at LGT Capital Partners, said: “We are pleased to continue our successful partnership with Providence – a team we have worked with on several transactions and fund investments since 2017. This latest transaction exemplifies the high level of innovation potential within the secondary market and demonstrates how a thoughtful, tailored approach to partnership can generate liquidity for LPs, incremental primary capital for GPs and a balanced transaction for buyers.”

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