Apollo Invests in Cengage Group

Paul, Weiss is advising funds managed by affiliates of Apollo Global Management, Inc. in its agreement to purchase $500 million of a new series of convertible preferred stock in Cengage Group, subject to certain adjustments. Cengage is a global provider of innovative digital learning solutions for the global academic skills, school and research markets. The transaction was announced and is expected to close by June 30, subject to customary closing conditions.

The Paul, Weiss team includes, among others, corporate partners Ross Fieldston, Brian Janson, Luke Jennings and Gregory Ezring, and counsel Lyudmila Bondarenko and Patricia Vaz de Almeida; intellectual property and entertainment partner Charles Googe; executive compensation partner Jean McLoughlin; tax partners Brad Okun and Brian Grieve and counsel Sohail Itani; litigation partner Andrew Ehrlich; real estate partner Peter Fisch; investment funds counsel Lisa Koff and Jeremy Larkins; and antitrust counsel Marta Kelly and Yuni Sobel.