Year-Round Lease of Iconic Billboard in Times Square NYC Acquired by Private Equity Fund Providence

1月 31, 2023

In January, Providence Equity Partners (hereinafter referred to as Providence), a private equity investment firm specializing in growth investments in media, communications, education, and technology, announced that it had obtained a multi-decade lease for nine marquee billboards. Among these are New York Times Square’s famous landmark Two Times Square (2TS) and 1600 Broadway from Universal Branding Group (UBG).
Meanwhile, Providence has come to a long-term operating agreement with its portfolio company, OUTFRONT Media Inc (OUTFRONT), one of the largest outdoor media companies i …