The educational publishing house has agreed to sell its college-related arm to the consortium, which will add it on to Cengage, the former Thomson Learning division it acquired in July for $8 billion.
2 min read · 12 January 2013
The Flowers consortium is offering to pay back more of the UK Bank of England’s loan than the Virgin/WL Ross consortium’s bid preferred by Northern Rock’s board. UK Chancellor Alistair Darling is reportedly encouraging rival bids.
2 min read · 12 January 2013
Palamon Capital Partners has carried out its ninth investment for its latest fund as it looks to benefit from the growth of online clothes shopping.
1 min read · 12 January 2013
Palamon Capital Partners has carried out its ninth investment for its latest fund as it looks to benefit from the growth of online clothes shopping.
1 min read · 12 January 2013
Candover has salvaged its troubled bid for Dutch conglomerate Stork by teaming up with the Icelandic consortium that jeopardised its initial bid.
2 min read · 12 January 2013
A consortium led by Virgin Group and including WL Ross has tabled a preferred bid for struggling UK bank Northern Rock. The bid provides shareholders with a way to benefit from the upside of any turnaround.
3 min read · 12 January 2013
A consortium led by Virgin Group and including WL Ross has tabled a preferred bid for struggling UK bank Northern Rock. The bid provides shareholders with a way to benefit from the upside of any turnaround.
3 min read · 12 January 2013
SGAM Alternative Investments has expanded its Central and Eastern European buyout team as the firm looks to increase its use of leverage in the region.
2 min read · 12 January 2013
The bids are shaping up for UK bank Northern Rock as its share price continues to drop.
2 min read · 12 January 2013
Hedge fund managers are rubbing their hands at the prospect of a rapid increase in loan-to-own opportunities as covenant breaches are predicted to rise, according to the latest research.
2 min read · 12 January 2013
