The Ambassador Theatre Group Ltd (ATG) has announced that an agreement has been reached for global private equity firm Providence Equity Partners to become a major shareholder in the company, having successfully reached agreement for its seventh fund to purchase a majority share from current investors led by Exponent Private Equity. Exponent retains a minority stake in ATG as part of the deal, and will continue to work with Providence and the existing management team including ATG’s Joint CEOs and co-Founders Sir Howard Panter and Rosemary Squire OBE.  Greg Dyke will continue in his role as ATG Chairman. Prior to the sale, Exponent had been ATG’s majority shareholder since 2009 when the company acquired Live Nation’s UK theatres. Terms of the transaction with Providence were not disclosed. Press contact: O&M Co (695-7400)...