Platinum Equity Acquires McGraw Hill for $4.5 Billion
August 2, 2021
Platinum Equity completed the acquisition of McGraw Hill from funds managed by Apollo Global Management for approximately $4.5 billion. McGraw Hill, a 130+ year global education company headquartered in New York, generates the majority of its revenue from digital products and will continue to be led by CEO Simon Allen under Platinum's ownership as the firm invests to accelerate digital growth and pursue strategic expansion.
- Buyers
- Platinum Equity
- Targets
- McGraw Hill
- Sellers
- Apollo Funds (affiliates of Apollo Global Management)
- Industry
- Education
- Location
- New York, United States
- Transaction Type
- Buyout
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