Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business


Streetwise gives you news and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

From mega deal to mega debt: Cengage files for bankruptcy protection Add to ...

Subscribers Only

A golden pre-recession deal for an education company has turned into a tough lesson in the dangers of debt.

Almost six years after private equity groups Omers Capital Partners and Apax Partners completed the $7.75-billion (U.S.) purchase of textbook and educational software business Thomson Learning, the company has filed for bankruptcy protection in New York.

Report Typo/Error

Follow on Twitter: @j2nelson

Next story




Most popular videos »

More from The Globe and Mail

Most popular