Platinum Equity acquires McGraw Hill to accelerate growth and innovation

2021-08-02 22:45

Platinum Equity announced that it has completed the acquisition of McGraw Hill, a global leader in educational content and digital platforms, for a purchase price of approximately $4.5 billion.

"McGraw Hill is one of the most trusted names in education and has been delivering best-in-class content for more than 130 years," said Platinum Equity Partner Jacob Kotzubei.

"The company is well positioned to help shape and facilitate the continued shift to digital taking place across the education landscape, to the benefit of students, educators and administrators around the world. We are excited to work with Simon Allen and all of McGraw Hill's talented employees to continue investing in growth and innovation."

"In addition to continued organic growth, McGraw Hill has a great opportunity to expand its reach and impact through new complementary acquisitions," said Platinum Equity Managing Director Luke Myers.

McGraw Hill CEO Simon Allen and his senior leadership team will continue to lead the business under Platinum's ownership.

Gibson, Dunn and Crutcher LLP served as legal advisor to Platinum Equity on the acquisition of McGraw Hill and Willkie Farr provided financing counsel to Platinum Equity on the transaction.

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