Thursday, July 04, 2013

Leveraged Buyout

Some sort of poetic justice here.
Cengage Learning Inc. filed for bankruptcy protection more than five years after a buyout led by Apax Partners LLP left the textbook publisher with about $5.8 billion in debt.



Greg Mankiw, a Harvard University professor who advised Republican presidential candidate Mitt Romney is owed $1.6 million in royalties, according to the bankruptcy filing.