Projo Biz Blog

Providence Equity Partners, the Providence-based buyout firm that targets media and communications companies, this morning said it hired Andrew Tisdale, co-head of Morgan Stanley's global media and communications group, to expand in London.

Tisdale, 46, is leaving Morgan Stanley after 18 years at the New York-based investment bank. He will seek new takeover targets in Europe and work with companies Providence already owns in the region, such as Kabel Deutschland GmbH, Germany's biggest cable television operator.

Providence Equity Partners raised $12 billion for its biggest buyout fund last year. The firm was started in 1990 by Chief Executive Officer Jonathan Nelson, a graduate of Brown University.

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