Misplaced Pages

#620379

18-601: Bett or The Bett Show (formerly known as the British Educational Training and Technology Show ) is a global series of education shows organised by Hyve Group marketing information technology in education . The flagship show is located in the UK, with satellite events in Asia & Brasil. Bett is also the global community for education technology, which hosts webinars, CPD sessions and publish articles from

36-1130: A $ 1.75 billion middle market direct lending fund in April 2014. The credit platform was sold to Franklin Templeton Investments in October 2018. In 2014, Providence established Providence Strategic Growth (PSG), its growth equity affiliate focused on investments in lower middle market software and technology-enabled service companies. PSG is headquartered in Boston, Massachusetts, with offices in London and Kansas City. Providence's investments have included AutoTrader.com Group, Blackboard Inc. , Conversica , eircom , Hulu , Kabel Deutschland , MLS Media, NEW Asurion, Bluestone Television , Newport Television , Univision , VoiceStream (now T-Mobile US ), Warner Music Group , Western Wireless , and World Triathlon Corporation (Ironman), YES Network and TopGolf . Since 2013, significant investments by

54-463: A broad array of institutional investors , including pension funds, endowments, sovereign wealth funds, financial institutions, insurance companies, fund of funds, and high-net-worth individuals. Providence partners with companies at various stages of development, from growth capital and complex recapitalizations of family-owned businesses to large buyouts and take-privates. The firm targets equity investments of $ 150 million to $ 500 million and can employ

72-624: A large global player in the private equity industry. Providence was one of the principal pioneers of a sector-based approach to private equity investing. The firm's eighth fund, Providence Equity Partners VIII, closed on $ 6 billion in 2019, above its $ 5 billion target. The prior fund, Providence VII, closed with $ 5 billion in 2013. Providence is headquartered in Providence, Rhode Island with additional offices in New York , Boston , London and Atlanta . The firm raises investment funds from

90-712: A purely technology show, and whilst it has played host to companies ranging from multinationals Microsoft , Google and Apple Inc. to small single-product firms, it has also created themed zones for exhibitors, such as those specialising in SEN provision. Introduced in 2015, the "Bett Futures" feature aimed at selecting and promoting 30 educational technology start-ups, selected by a panel of expert educators. A large number of seminars from well-known providers are held at Bett, which offer training (Continuing Professional Development) opportunities for education professionals. The then Education Secretary Michael Gove gave keynote speeches at

108-470: A series of other expensive losses that Providence blamed on investments outside of its expertise made during the peak of the 2007 and 2008 private equity boom. In February 2017, Providence expanded its education business by buying NACE Schools, a Spain-based operator of for-profit schools. As of 2021 , the schools portfolio branded as Globeducate has 55 schools in nine countries. In October 2017, Modern Times Group sold its telecommunication businesses in

126-556: A variety of financing structures. Providence prefers to lead its investments, serve on company boards, and work collaboratively with company management. In 2008, Providence hired Thomas Gahan as president of the firm's new capital markets group and its affiliate, Benefit Street Partners. Prior to joining Providence, Gahan was head of Deutsche Bank 's corporate and investment banking in the Americas and chief executive officer of Deutsche Bank Securities. Benefit Street Partners closed on

144-549: The Baltic states to Providence Equity Partners. The newly acquired companies were united and operate under the All Media Baltics company name (currently TV3 Group ). In April 2019, MasMovil agreed to repurchase its convertible bond from Providence Equity. Providence remains a shareholder in the company. In September 2019, Providence Strategic Growth collected $ 2 billion for its fourth fund. In August 2021, it

162-527: The National Football League formed a global partnership to invest primarily in sports and entertainment related media assets. In September 2012, Providence sold a less than 10% stake in the firm to Florida's state pension system and a sovereign wealth fund. In February 2015, Providence's $ 800 million stake in security screener Altegrity was wiped out when the security company was accused of fraud and filed for bankruptcy. This followed

180-531: The 2012 and 2014 events. In 2015 the then Education Secretary Nicky Morgan gave her first opening keynote for the show. Professor Brian Cox has twice been keynote speaker, in 2013 and 2020. Criticised in the past for perhaps marginalising teachers due to the increasing business nature of the show, the former organisers ( i2i Events Group ) introduced a number of teacher friendly events such as TeachMeet and edtech start-up initiative Bett Futures, to turn this around. The Bett Awards are an annual celebration for

198-758: The 21st century. The show was first held in January 1985 as the "Hi Technology and Computers in Education Exhibition" at the Barbican Centre , central London, in association with the British Educational Suppliers Association . As the use of technology in education increased, so did the show, and had outgrown the Barbican by 1993, when the move to Olympia was made. The show has also expanded from being

SECTION 10

#1732772116621

216-949: The CIS. It was first listed on the London Stock Exchange in 1998. In 2008 it acquired Primexpo NW LLC, a conference organiser based in St Petersburg and has subsequently acquired further businesses in Moscow (MVK), Krasnodar (Krasnodar LLC), Istanbul (YEMF and Platform Exhibitions), Kyiv (Autoexpo and Beautex), Mumbai (ABEC) and Kuala Lumpur (Trade Link). The company rebranded from ITE Group to Hyve Group in September 2019. In December 2019, Hyve acquired two US-based events: Shoptalk and Groceryshop. On 15 March 2023, Hyve and Providence Equity 's acquisition vehicle Heron UK Bidco Limited announced they had agreed

234-656: The Olympia exhibition centre , with a move to the ExCeL London in London's Docklands in 2013, its current venue. Bett celebrated its 30th anniversary at the 2014 show, which attracted 35,044 visitors from 113 countries. Bett Asia Bett Asia is the region’s leading education technology conference and expo. In 2022, Bett Asia will be happening in Bangkok, Thailand, gathers senior education leaders, educators and innovators to share intelligence on how to improve learning in

252-413: The firm include 365 Retail Markets, Ambassador Theatre Group , DoubleVerify , Learfield Communications, GlobalTranz, Groupe La Centrale, MásMóvil Group, n2y, Node4, Smartly.io, TAIT, Tenstreet, and TCP. Providence's recent exits include TES, Galileo Global Education, EdgeConneX, OEConnection, PADI , Ascend Learning, Vector Solutions and ZeniMax Media . In March 2013, Providence and

270-506: The highest levels of achievement by companies that exhibit at the Bett show and supply Information and Communications Technology (ICT) for education . Speakers in the past have included: Hyve Group The business was founded by the Shashoua family as "International Trade Exhibitions" (ITE) in 1991 and then launched a series of trade events in the new market economies of Russia and

288-521: The leaders in education. Bett UK London is home to Bett's flagship event which is international with visitors from more than 120 countries. Thousands of visitors gather to meet with hundreds of EdTech providers, join CPD content sessions and network with their peers. The first Bett show was held in London in 1985, initially at the Barbican Centre . In 2002, it expanded to the National and Grand Halls at

306-791: The terms of a recommended cash offer to be made by Heron for the entire issued and to be issued share capital of Hyve. In April 2023, Searchlight Capital became bidding partner of Providence for its agreed takeover, with the deal completed in June 2023. Providence Equity Providence Equity Partners L.L.C. is a specialist private equity investment firm focused on media, communications, education, and technology investments across North America and Europe. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. The firm manages funds with over $ 31 billion in aggregate private equity capital commitments, making it

324-771: Was announced that Providence Equity had purchased a majority share of Sweetwater Sound , a major musical equipment retailer based in Fort Wayne, Indiana. In April 2022, it was announced Providence had acquired the cloud-based managed Wi-Fi solutions provider, Airties. In September 2020, Providence announced a leadership transition plan, under which founder and CEO Jonathan M. Nelson would become Executive Chairman in January 2021. As part of this planned transition, Providence appointed Davis Noell and David Phillips senior managing directors and co-heads of North America, and Karim Tabet and Andrew Tisdale senior managing directors and co-heads of Europe. Managing Director Michael Dominguez

#620379