Cengage Learning
PE-OwnedApax 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.
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Ownership Information
Cengage Learning is owned by The Carlyle Group. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
1827
Cengage Learning founded
2007
Acquired by The Carlyle Group for $7.75B
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