Providence Equity Partners appoints Tao Sun as Managing Director

He will also be taking on the role of Head of China Investment Activities focused on the Greater China market.

“We are delighted to welcome Tao to Providence and believe his knowledge of Greater China and experience working with a wide range of companies in the market will further complement our high-caliber team in China,” said Jonathan Nelson, Chief Executive Officer of Providence. “We are deeply committed to the Greater China market and will continue to provide compelling companies with our sector-focused expertise and growth capital to help them achieve their potential and create lasting value for their owners, employees and partners.”

Mr. Sun joins Providence from Actis, where he was a Partner in their Beijing office. Prior to joining Actis in 2008, Mr. Sun worked for Merrill Lynch & Co. in Hong Kong, where he was responsible for private equity deal execution and portfolio management in China. Mr. Sun holds an M.B.A. from INSEAD and an M.S. in Statistics and B.A. in Business Administration from Beijing University.

Mr. Sun commented, “I am pleased to join Providence, a world-class firm with a strong, long-standing commitment to China, and look forward to contributing to their success partnering with experienced managers and innovative companies here.”

Providence’s investments in China include Qiyi, a joint venture with Baidu, and TVB, the largest television broadcaster in Hong Kong.