Providence Equity Partners, a private equity investment firm specialising in media, entertainment, communications and information companies, has appointed Gary Weinstein as chief operating
Providence Equity Partners, a private equity investment firm specialising in media, entertainment, communications and information companies, has appointed Gary Weinstein as chief operating officer based in the firm’s Providence, Rhode Island headquarters.
Weinstein, 50, was previously a managing director and global chief administrative officer of investment banking at Lehman Brothers.
‘Gary brings world-class financial institution operational experience to this newly-created role at Providence,’ says Providence chief executive Jonathan Nelson. ‘We are delighted to welcome him to the Providence team as we continue to expand the business, pursue new investment opportunities and work with our portfolio companies.’
Says Weinstein: ‘I am excited to transition into private equity and am very pleased to join Providence, an exceptional firm with a proven track record of creating value for their portfolio companies and investors.’
He originally joined Lehman in 1988 and held various senior positions, including heading the firm’s global convertibles, European equities, global syndicate and equity capital markets, global healthcare, consumer retail and industrial investment banking businesses. He was earlier head trader of convertibles at Goldman Sachs.
Providence Equity Partners, which also has offices in Hong Kong, London, Los Angeles, New Delhi and New York, manages funds with some USD21bn in equity commitments and has invested in more than 100 companies operating in more than 20 countries since its establishment in 1989.
Its investments include Bresnan Broadband, Casema, Com Hem, Digiturk, Education Management Corporation, Eircom, Freedom Communications, Hulu, Idea Cellular, Kabel Deutschland, Metro-Goldwyn-Mayer, NexTag, Ono, Open Solutions, PanAmSat, ProSiebenSat.1, Recoletos, TDC, Univision, VoiceStream Wireless, Warner Music Group, Western Wireless and Yankees Entertainment Sports Network.
