Providence Equity takes majority stake in OEConnection

Providence Equity has struck a deal to acquire a 50 percent stake in OEConnection.

By Jeff Sanford Cleveland, Ohio — June 6, 2016 — OEConnection has announced a deal that sees Providence Equity Partners acquiring a majority equity stake in the company. According to terms of the deal, Providence Equity will take a 50 percent stake in OEConnection; two of the founding investors, Ford and GM, will reduce their […]