Former companies

108 companies the managers wrote about that no longer exist on their own. Each one links to the letters that discussed it.

1 letter AcuityAds Renamed illumin (2022)
6 letters ADESA U.S. auction business bought by Carvana (2022)
5 letters Afterpay Acquired by Block (2022)
1 letter AmeriGas Bought out by UGI (2019)
11 letters Ascential Acquired by Informa (2024)
3 letters Aspen Insurance Taken private by Apollo (2019)
5 letters Atlas Mara Wound down and delisted
18 letters Avid Bioservices Taken private by GHO Capital and Ampersand (2025)
5 letters Bed Bath & Beyond Filed for bankruptcy (2023)
5 letters Black Diamond Equipment Parent company renamed Clarus (2017)
1 letter Blade Air Mobility Renamed Strata Critical Medical (2025)
3 letters Blount International Taken private by American Securities and P2 Capital (2016)
10 letters BNSF Acquired by Berkshire Hathaway (2010)
9 letters BR Properties Sold its property portfolio and delisted
8 letters Buffalo Wild Wings Acquired by Arby's owner, now Inspire Brands (2018)
5 letters Cabela's Acquired by Bass Pro Shops (2017)
9 letters Cantaloupe Acquired by 365 Retail Markets (2025)
7 letters Catalent Acquired by Novo Holdings (2024)
1 letter Cazoo Went into administration (2024)
23 letters Colfax Renamed Enovis after spinning off ESAB (2022)
1 letter CommerceHub Taken private by GTCR and Sycamore (2018)
1 letter Comparex Acquired by SoftwareOne (2019)
4 letters Computer Sciences Merged with HPE's services unit to form DXC Technology (2017)
5 letters CONSOL Energy Merged with Arch Resources into Core Natural Resources (2025)
7 letters Countryside Partnerships Merged with Vistry (2022)
14 letters Covetrus Taken private by CD&R and TPG (2022)
2 letters Crayon Merged with SoftwareOne (2025)
7 letters Credit Suisse Acquired by UBS (2023)
2 letters CRH Medical Taken private (2021)
1 letter Crossroads Systems Renamed Crossroads Impact Corp
1 letter Delta Lloyd Acquired by NN Group (2017)
14 letters Despegar Acquired by Prosus (2025)
7 letters Diamond Resorts Acquired by Hilton Grand Vacations (2021)
7 letters Discovery Communications Merged with WarnerMedia to form Warner Bros. Discovery (2022)
4 letters Dr Pepper Snapple Merged with Keurig to form Keurig Dr Pepper (2018)
9 letters Dun & Bradstreet Taken private by Clearlake Capital (2025)
2 letters Elizabeth Arden Acquired by Revlon (2016)
9 letters Express Scripts Acquired by Cigna (2018)
1 letter Exterran Acquired by Enerflex (2022)
5 letters Farfetch Rescued by Coupang and delisted (2024)
22 letters Fiat Chrysler Merged with PSA to form Stellantis (2021)
2 letters Fidelity & Guaranty Life Acquired by Fidelity National Financial (2020)
2 letters Frutarom Acquired by IFF (2018)
2 letters GCI Liberty Merged into Liberty Broadband (2020)
2 letters Gulfmark Merged with Tidewater (2018)
1 letter Hess Acquired by Chevron (2025)
9 letters Hill International Acquired by Global Infrastructure Solutions (2022)
7 letters Houghton Mifflin Harcourt Taken private by Veritas Capital (2022)
10 letters HRG Group Merged into Spectrum Brands (2018)
3 letters HSN Acquired by Liberty Interactive (2017)
2 letters IHS Markit Merged with S&P Global (2022)
3 letters Itaú CorpBanca Renamed Itaú Chile (2023)
16 letters Iteris Acquired by Almaviva (2024)
12 letters Kenvue Acquired by Kimberly-Clark (2026)
10 letters Knight Transportation Merged with Swift to form Knight-Swift (2017)
5 letters Landec Renamed Lifecore Biomedical (2022)
1 letter Lincare Acquired by Linde (2012)
3 letters Livongo Merged with Teladoc (2020)
1 letter LoopUp Delisted from AIM (2023)
3 letters Lundin Energy Oil business merged into Aker BP (2022)
1 letter Luxoft Acquired by DXC Technology (2019)
5 letters L’Occitane Taken private by Reinold Geiger (2024)
3 letters MEG Energy Agreed to be acquired by Cenovus (2025)
4 letters Merlin Entertainments Taken private by Kirkbi, Blackstone and CPPIB (2019)
10 letters Nevsun Acquired by Zijin Mining (2019)
1 letter Newcrest Acquired by Newmont (2023)
25 letters Nordstrom Taken private by the Nordstrom family and Liverpool (2025)
17 letters Oaktree Acquired by Brookfield
1 letter Ocean Yield Taken private by KKR (2021)
3 letters Ocwen Renamed Onity Group (2024)
5 letters Panera Bread Taken private by JAB (2017)
2 letters PartnerRe Acquired by Covéa (2022)
7 letters Polished.com Filed for Chapter 7 bankruptcy (2024)
1 letter Poshmark Acquired by Naver (2023)
8 letters Precision Castparts Acquired by Berkshire Hathaway (2016)
7 letters QVC Group Filed for Chapter 11 (2026)
1 letter Realogy Renamed Anywhere Real Estate (2021)
1 letter RealPage Taken private by Thoma Bravo (2021)
1 letter Redbubble Renamed Articore Group (2023)
5 letters Redknee Renamed Optiva (2017)
9 letters Redrow Acquired by Barratt Developments (2024)
6 letters Revlon Went private after Chapter 11 (2023)
3 letters Rosetta Stone Taken private (2020)
5 letters Scott's Liquid Gold Merged with Horizon Kinetics (2024)
2 letters Scripps Networks Interactive Acquired by Discovery (2018)
13 letters SharpSpring Acquired by Constant Contact (2021)
9 letters Shinsei Bank Taken over by SBI Holdings and renamed SBI Shinsei Bank
6 letters Siemens Gamesa Taken private by Siemens Energy (2023)
8 letters Silver Bay Realty Trust Acquired by Tricon Capital (2017)
2 letters Splunk Acquired by Cisco (2024)
3 letters Standard Diversified Merged into Turning Point Brands (2020)
7 letters Stericycle Acquired by WM (2024)
19 letters TD Ameritrade Acquired by Charles Schwab (2020)
5 letters Tiffany Acquired by LVMH (2021)
5 letters Turquoise Hill Bought out by Rio Tinto (2022)
12 letters Valeant Renamed Bausch Health (2018)
1 letter Viagogo Merged with StubHub (2020)
5 letters Vizio Acquired by Walmart (2024)
10 letters Walgreens Taken private by Sycamore Partners (2025)
9 letters WeWork Went private after Chapter 11 (2024)
2 letters Whole Earth Brands Taken private (2024)
10 letters Wincor Nixdorf Merged with Diebold to form Diebold Nixdorf (2016)
2 letters WWE Merged with UFC into TKO Group (2023)
17 letters Yahoo Bought by Verizon (2017), then by Apollo (2021)
3 letters Yamana Gold Sold to Pan American Silver and Agnico Eagle (2023)
4 letters Yoox Net-a-Porter Taken over by Richemont (2018), sold to Mytheresa (2025)
11 letters Zooplus Taken private by Hellman & Friedman and EQT (2021)
1 letter Zynga Acquired by Take-Two (2022)

Only companies a manager discussed as an investment are here. Names that show up as a passing example, like Enron or Wachovia, are left out. If a note about what happened is wrong, write to me and I'll fix it.