NEW YORK – October 5, 2026 – Providence Equity Partners L.L.C. ("Providence"), a leading middle-market private equity firm with deep sector expertise in media, communications, and education, today announced the completion of its previously announced additional investment in THE·TEAM (“the Company"), a leading global sports, music, and entertainment company providing representation and marketing services to talent, brands, and properties across 28 countries and more than 70 cities worldwide.
Providence, which first invested in THE·TEAM in 2022, continues as the Company’s majority investor and intends to support its long-term growth, including organic growth and strategic M&A across sports, music and entertainment.
With the completion of the transaction, Michael Watts has officially been named Chief Executive Officer of the Company. Watts has been with the Company since its founding in 2002 and has served as President since 2014, having assumed day-to-day leadership of the business in February 2026.
The transaction was originally announced on July 28, 2026. Financial terms were not disclosed.
About Providence Equity Partners L.L.C.
Providence Equity Partners L.L.C. is a leading middle-market private equity firm with deep sector expertise in media, communications and education focused on North America and Europe. Providence looks to invest in businesses that are benefiting from the long-term growth trends around experiences, learning, and connectivity by partnering with exceptional management teams to build enduring, scaled companies. Founded in 1989 in Providence, Rhode Island, the firm has invested over $40 billion across more than 180 portfolio companies with a transatlantic investment team based primarily in London, New York and Boston. Through disciplined portfolio construction, prudent risk management and a collaborative culture, the firm seeks to deliver strong results across market cycles. To learn more, please visit www.provequity.com.
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