Platinum Equity To Acquire McGraw Hill From Apollo Funds For $4.5 Billion

July 13, 2021

Willkie is serving as financing counsel to Platinum Equity in its deal to acquire McGraw Hill, a global leader in educational content and digital platforms.

On June 15, 2021, Willkie client Platinum Equity announced that it has entered into a definitive agreement to acquire McGraw Hill, a global leader in educational content and digital platforms, from funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) for a purchase price of approximately $4.5 billion. The financing launched on July 12 and the transaction is expected to close at the end of July.

Founded in 1888, McGraw Hill provides outcome-focused learning solutions to millions of students globally, delivering both curated content and digital learning tools and platforms to the classrooms of approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th grade school districts, and a wide variety of academic institutions, professionals and companies. Its products are distributed in more than 100 countries across the Americas, Asia-Pacific, Europe, India and the Middle East.

Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world.

The bond offering is led by partners Cristopher Greer and Anne Barrett, and bank financing is led by partners Joshua Deason and Jason Pearl and associate Julie Ann Rosenberg.