Weil Steers PE Firm's Deal For Majority Stake In Theater Co.

Law360, New York (October 21, 2013, 6:07 PM EDT) -- Rhode Island-headquartered Providence Equity Partners LLC said Monday that it has bought an ownership stake in the U.K.'s largest theater owner and operator, Ambassador Theatre Group, from Exponent Private Equity LLC.

Per the deal, Providence, which has experience investing in media and live entertainment companies, will use its seventh fund to become the major shareholder of ATG, though Exponent will continue to hold an undisclosed minority stake in the venture, according to a statement.

Terms of the deal were not disclosed by Providence and ATG, but...
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