There are some phenomenal products in some of the companies that were overfunded and are haunted by past decisions. The valuations at which these companies raised capital set them on the wrong path - a path that fails to attract and reward critical talent, a path that incentivizes excess expenditure for growth at the expense of structuring a busine... See more

A $7.1B Investment, Huge Debt, and Big Risks Apax Partners thought they had a winning bet with Cengage Learning. But after a series of missteps, the investment turned into a high-stakes game of debt management and survival. While $1.8B in equity might be at risk, Apax didn’t walk away empty-handed. ___LINE... See more