Providence Equity Partners-led consortium completed a $400m investment in OUTFRONT Media.

A Providence Equity Partners-led consortium completed a $400m investment in OUTFRONT ​Media, which leases advertising space on out-of-home advertising structures and sites. Ares Management participated as significant investor. "We recognized the value of liquidity and collaboration as we look through these uncertain times and consider the exciting growth opportunities that will arise in our industry. Our board was pleased to select Providence and Ares for their industry knowledge and expertise, and we believe that all of our stakeholders will benefit from their long-term investment and commitment," Jeremy Male, OUTFRONT Media Chairman and Chief Executive Officer.