Apax Partners News
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Latham & Watkins LLP’s Zachary Fardon was nominated by President Obama to be U.S. Attorney for the Northern District of Illinois in Chicago. He would replace Patrick Fitzgerald, who left last June and joined Skadden Arps Slate Meagher & Flom LLP.
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Rue21 Inc., the operator of more than 900 teen apparel shops, agreed to be bought by private-equity firm Apax Partners in a $1.1 billion deal.
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Deutsche Telekom AG, Germany’s biggest phone company, is set to kick off the sale of its Scout24 Holding GmbH digital classifieds business, said three people familiar with the process.
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Cengage Learning Inc., the educational publisher owned by Apax Partners LLP, said it’s seeking to negotiate with creditors on a restructuring plan and may need to file bankruptcy as part of its turnaround efforts.
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Rolls-Royce Holdings Plc, Europe’s largest maker of aircraft engines, said the head of its main aerospace unit, Mark King, will depart in June, triggering a reorganization of management ranks.
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New Look Retail Group Ltd.’s private-equity owners will want to exit the U.K. fashion chain in the next few years, Chief Financial Officer Alistair Miller said, as the company seeks to raise 800 million pounds ($1.2 billion) of bonds.
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Rue21 Inc., which sells tank tops and graphic tees to teenagers at affordable prices, is shaping up to be the next target after private-equity investments in retail reached the highest amount since before the U.S. recession.
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Ayer Capital Management LP, the San Francisco-based health-care hedge-fund firm, is closing and returning capital to investors, according to a person familiar with the matter.
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Commerzbank AG, Germany’s second- biggest lender, named Christoph Thierolf head of its mergers and acquisitions business.
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Orange Communication SA is marketing 250 million-euro ($327 million) of 6-year bonds to pay a dividend to Apax Partners LLP, according to a person with knowledge of the deal.
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