Education

Cengage Learning

Apax Partners and OMERS Private Equity sold Cengage (formerly Thomson Learning) to various PE hands including Carlyle. Cengage filed for Chapter 11 bankruptcy in 2013 with $5.8B in debt, largely from its 2007 LBO. Students faced continued high textbook prices throughout.

FOUNDED
1827
ACQUIRED
The Carlyle Group, 2007, $7.75B

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Editorial Record

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Timeline

1827

Cengage Learning founded

2007

Acquired by The Carlyle Group for $7.75B

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