Private-equity firm Apollo Global Management is exploring a bid for McGraw-Hill Education, the struggling textbook publisher due to be spun out of McGraw-Hill Cos. by year's end.
Private equity firm Apollo Global Management LLC is considering a bid for textbook publisher McGraw-Hill Education, which is being spun off by McGraw-Hill Cos Inc , the Wall Street Journal reported, citing ...
(Reuters) - Private equity firm Apollo Global Management LLC is considering a bid for textbook publisher McGraw-Hill Education, which is being spun off by McGraw-Hill Cos Inc , the Wall Street Journal reported, citing people familiar with the matter.
NEW YORK (Reuters) - McGraw-Hill Companies Inc's education unit is expected to draw final bids from private equity firms Bain Capital and Apollo Global Management as well as rival Cengage Learning Inc, in a deal that could fetch around $3 billion, several people familiar with the matter said. Cengage, the No. 2 U.S. college textbook publisher, and the two private equity firms are working on final offers for McGraw-Hill Education, the world's second-largest education company by sales, with the bids due later in October, the people said. ...
McGraw-Hill has agreed to sell its education unit to private-equity firm Apollo Global Management for $2.5 billion, capping a process that took more than a year to complete.
McGraw-Hill has agreed to sell its education unit to private-equity firm Apollo Global Management for $2.5 billion, capping a process that took more than a year to complete.
McGraw-Hill Companies Inc said it will sell its educational publishing unit to Apollo Global Management LLC for US$2.5-billion.
McGraw-Hill expects to record a non-cash impairment charge of about US$450 to US$550-million in the fourth quarter.
McGraw-Hill said it will realize US$1.9-billion of proceeds from the deal, after taxes and certain adjustments, and will use the money to buy back its shares, make “selective tuck-in acquisitions” for its portfolio of financial services businesses and repay short-term borrowings.
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The McGraw-Hill Companies Inc. (MHP), a publisher and provider of financial information and media services, reported first-quarter results before the opening bell today. The company recorded a robust 63.9% growth in net income to $103.3 million or 33 cents per share from $63.0 million, or 20 cents per share, in the year-ago period.