Providence Equity Partners, a US-based private equity firm, will be opening offices in Hong Kong and India. The Hong Kong office will be led by Andrew Rickards, CEO of investment bank Rothschild & Sons in Asia, as its managing director and will lead the firm's Asian investments. He will be joined by Thura Ko, an assistant director at Rothschild Asia. The New Delhi office will be headed by Biswajit Subramanian, a managing director of Providence Equity in London who joined the firm in 2000. Subramanian led Providence Equity's acquisition of a 15% stake in Indian wireless operator Idea Cellular Limited in October 2006. Providence invests mainly in the media, telecom and technology sectors, and is based in Providence, Rhode Island.
Read the press release here.
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