Leveraged Buyouts
Apax may create conflict of interest in Cengage bankruptcy
United Kingdom-based Apax Partners aimed to become one of the largest equity holders of textbook publishing company Cengage Learning Inc after the latter exits from bankruptcy.
Ryan Corporation UK pays GBP 100 million to build tallest residential building in Europe
Ryan Corporation UK acquired a site in Canary Wharf, a business district in London, for GBP 100 million. The property company owned by Tom Ryan aimed to build a residential building that will tower over the highest building on the site.
Lone Pine Capital buys stakes in Baidu Inc, Amazon.com Inc and MasterCard Inc
Lone Pine Capital increased its holdings in online companies by buying shares in China-based search engine Baidu Inc and ecommerce firm Amazon.com Inc. The fund also bought shares in MasterCard Inc.
Shareholder says participation in Herbalife buyout likely
Herbalife Ltd fourth largest shareholder Bill Stiritz said he would most likely take part in a leveraged buyout of the company, as the nutrition company is in the middle of pyramid scheme accusations by hedge fund manager Bill Ackman.