Providence invests in Wasserman

Providence Equity Partners, the UK based international private equity firm, has invested in Wasserman Media Group, the US and UK based sports marketing, music and talent agency, while RedBird Capital Partners, the US based private investment firm, and Providence Equity Partners, the UK based international private equity firm, have exited the company. Casey Wasserman, the CEO and founder will continue to retain a controlling ownership stake in the company.

Target – WMG MANAGEMENT EUROPE LIMITED (Wasserman)

Buyer – PROVIDENCE EQUITY LLP

Seller – RedBird Capital Partners Management LLC, Madrone Capital Partners

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