Providence makes strategic investment in Wasserman
The deal sees the private equity firm expand its touring portfolio to provide capital for Wasserman to pursue growth initiatives
News By James Hanley | 7 November 2022
Private equity firm Providence has expanded its music portfolio with a strategic investment in agency giant Wasserman.
Providence’s investment will be used to provide capital to pursue growth initiatives and “fully redeem” RedBird and Madrone Capital Partners, who both exit as investors, while Wasserman chairman and CEO Casey Wasserman will retain a controlling ownership stake. Financial terms were not disclosed.
US sports representation firm Wasserman launched booking agency Wasserman Music in 2021 following the completion of the company’s acquisition…
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