Twitter LinkedIn
    Friday, January 27
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»Apollo Is Weighing $6 Billion Sale of McGraw-Hill Education
    Deals & Transactions

    Apollo Is Weighing $6 Billion Sale of McGraw-Hill Education

    March 27, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Private equity firm Apollo Global Management Inc. is exploring a sale of textbook publisher and education technology company McGraw-Hill Education that could fetch up to $6 billion, including debt, according to people familiar with the matter. The business could attract interest from other private equity firms, said the people, who asked not to be identified because the matter is private. The company could also explore a listing via a special purpose acquisition company, they added.

    McGraw-Hill Education generates about $450 million in annual earnings before interest, taxes, depreciation and amortization, the people said. About $300 million of that is from digital sources, after the company has expanded in recent years in electronic textbooks and virtual learning, they said.

    The business could fetch between $5 billion and $6 billion enterprise value if the sale goes ahead, the people said. McGraw-Hill Education is working with financial advisers Macquarie Group Ltd. and Bank of Montreal, the people added. Apollo hasn’t made a final decision on pursuing a sale and could still decide to keep the business, the people said.

     

    Read More

    Source: BNN Bloomberg

    By Liana Baker, Gillian Tan and Kiel Porter

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals Educations Investments Transactions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    University of California invests $4 bn in redemption-stricken REIT

    January 3, 2023

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Comments are closed.

    Other Articles

    Royal Caribbean Group is shrinking its fleet, selling Azamara to private equity firm

    January 20, 2021

    JMI Equity Seeks $1.7 Billion Amid Management Transition

    February 28, 2021

    Insight Partners to back Pollinate in $50m Series C round

    March 20, 2021

    Caban Systems secures £35m in funding from Ember Infrastructure

    June 19, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?