The group is confident about the acquisition of Capri and is committed to actively addressing the lawsuit filed by the Federal Trade Commission, striving to complete the acquisition transaction by 2024.

Providence has simultaneously entered into a long-term operating agreement with its portfolio company, OUTFRONT Media Inc (OUTFRONT), one of the largest outdoor media companies in the United States. OUTFRONT will operate the billboards on Providence’s behalf. The specific financial terms of the transaction have not been disclosed.