Bertelsmann SE plans to lift group profit to more than 1 billion euros ($1.4 billion) over two years as it seeks to fuel growth with investments in education and media content, Chief Executive Officer Thomas Rabe said.
Houghton Mifflin Harcourt Co., the educational book publisher backed by hedge-fund manager John Paulson, raised $219 million in its U.S. initial public offering, pricing its shares below the marketed range.
Ken Katzman, vice president of trade marketing at Dover Publications, explains how a traditional book publisher can compete in an increasingly digital world. Katzman also offers his perspective on the future of Barnes & Noble, and explains how Mineola, New York-based Dover Publications is growing its traditional business. Katzman talks with Bloomberg's Vonnie Quinn on Bloomberg Radio's "The Hays Advantage." (Source: Bloomberg)
The leaders of a prestigious European private-equity firm and one of its companies were celebrating at a pair of parties on the French Riviera. It was Sept. 13, 2008. Gerry Grimstone , chairman of Candover Investments Plc , sipped cocktails and reviewed strategy with executives of the firm’s leveraged-buyout unit on a yacht in Monaco harbor. Two months before, Candover Partners Ltd. had won a bidding war to purchase oil services company Expro International Group Plc for 2 billion pounds ($3.19 billion), then the largest LBO in Europe that year.