Firm Overview
Providence Equity Partners is a specialist private equity investment firm focused on growth-oriented media, communications, education, and technology companies across North America and Europe. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. Since its founding in 1989, Providence has invested over $36 billion across more than 175 private equity portfolio companies. With its headquarters in Providence, RI, the firm also has offices in New York, London, Boston and Atlanta.
Position Overview
The Vice President, Portfolio Operations will work side-by-side with the portfolio operations, investment teams and portfolio companies to define and execute operational value creation initiatives identified during and after due diligence, within first year of an investment, and over the deal lifecycle. This person will be responsible for engaging in a number of projects across geographies, industries, and functions focused on leading management teams to successfully execute strategic initiatives focused on maximizing the performance of portfolio companies. This role will report directly to Mike Monagle, Principal of Portfolio Operations, as well as the leadership of theLondon office, and work closely with the senior members of the investment teams, leading go-to-market-oriented value creation activities across a set of portfolio businesses, benchmarking go-to-market success drivers for application across the portfolio, and occasionally partnering with investment teams on new investments and add-on acquisitions.
Responsibilities
The Vice President, Portfolio Operations will be responsible for the following:
- Working with portfolio companies to develop and implement impactful strategic recommendations that push positive operational change
- Building and fostering strong relationships with the executive leaders at the portfolio companies to drive influence and add value
- Enhancing the GTM function to enhance revenue generation
- Opportunistically identifying and implementing tactics to improve margin
- Occasionally be involved in the due diligence associated with new investments by partnering with the investment team to identify key risks and opportunities associated with potential new investments and add-on acquisitions
Qualifications
The successful candidate will have an exceptional track record and reputation. Given the significant responsibilities of this position, the top candidate will be a mature, experienced individual. In addition, the successful candidate should have:
- Experience with, and understanding of what it takes to, drive business transformation
- Familiarity with value drivers relevant to businesses ideally in one of our target sectors
- Self-starter with intrinsic and demonstrated entrepreneurial capabilities
- Team player with a highly collaborative working style
- Exceptional communication skills. Must be able to develop and sustain credibility and good working rapport with senior portfolio company leaders on a standalone basis
- Strong EQ – e.g., operates with high degree of integrity and acts as ambassador for Providence Equity Partners
- Exceptional problem-identification and solving skills, able to diagnose the opportunities or challenges facing portfolio companies or new investments systematically and rapidly and will craft fit-for-purpose solutions
- Cuts through internal complexity and ambiguity to create clarity for teams, a clear path forward and the right operating mechanics to drive performance
- Strong ability to identify, engage, and effectively manage third-party resources to leverage and expand the effective size of the group
- Must be willing to travel
- Bachelor’s degree equivalent in the UK / EU is required
Providence Equity LLP (the “Firm”) is an equal opportunity employer and complies with all applicable employment practice laws. The Firm strictly prohibits and will not tolerate, condone or allow discrimination, harassment, or retaliation with respect to any employee, member or applicant for employment or membership in matters of hiring, promotion, transfer, disciplinary action, assignments, termination, compensation, fringe benefits or other terms and conditions of employment on the basis of race, colour, religion, creed, age, national origin, ancestry, alienage or citizenship status, actual or perceived sex (including pregnancy, childbirth, breastfeeding or other related medical conditions), actual or perceived gender (including sex stereotyping, gender identity, gender-related self-image, gender dysphoria, gender expression, other gender-related characteristics, or transgender status), actual or perceived sexual orientation, disability (including physical disability or mental disability), medical condition, genetic information, military or veteran status, employment or unemployment status, credit history, familial status, partnership status, caregiver status, domestic victim status, or marital status, pay or other compensation history, or any other status protected by relevant employment laws. All employees and members are prohibited from engaging in unlawful discrimination, harassment, bullying, or retaliation.
