Providence poaches Tong for Hong Kong office

The media and communications-focused private equity firm brings Sean Tong across from General Atlantic to add strength to its Hong Kong team.
Private equity firm Providence Equity Partners has poached Sean Tong from General Atlantic as a managing director for its Hong Kong office.

Tong is currently a managing director at General Atlantic in Hong Kong. He has been at General Atlantic since 2000, leading investments and working closely with public and private portfolio companies in the Greater China region. Before he joined General Atlantic, Tong was with Morgan Stanley in New York.

ôWe are excited by the broad range of investment opportunities we see in Asia now and over the long-term in the sectors where we specialise,ö says Jonathan Nelson, CEO of Providence, in a written statement. ôWe are pleased to welcome Sean to our team in Asia, and look forward to continuing to expand our presence in the region in the years ahead.ö

ProvidenceÆs investments in Asia include: a 15% equity stake in Idea Cellular, a wireless operator in India with over 10 million subscribers; a $640 million commitment to Aditya Birla Telecom, a wireless communications company in India that owns the telecom license for the Bihar service area; and a 16% stake in Indus Towers, a joint venture formed by Vodafone Essar, Bharti Airtel and Idea Cellular to provide passive infrastructure services to various mobile operators in 16 telecom service areas.

Providence Equity Partners specialises in equity investments in media, entertainment, communications and information companies around the world. It manages funds with approximately $22 billion in equity commitments and has invested in more than 100 companies operating in over 20 countries since the firm's inception in 1989. Providence is headquartered in Rhode Island and has offices in New York, Los Angeles, London, Hong Kong and New Delhi.
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