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Showing results for McGraw-Hill Glogal Education Holdings, LLC
...The buyout group sold McGraw Hill to Platinum Equity for $4.5bn last year. Pearson this month said it had rejected an 854.2p offer from Apollo, and had also rejected an 800p offer in November....
...Last year Apollo sold McGraw Hill, a rival textbook publisher and education company targeting school, university and workplace markets, to Platinum Equity for $4.5bn....
...Under its ownership, Apollo shifted McGraw Hill’s sales away from printed textbooks to digital subscriptions....
...Apollo would have doubtless used its experience with McGraw Hill, bought in 2012 for $2.5bn and sold last year for $4.5bn, to help improve returns....
...(FT) News round-up India’s Oyo Rooms hotel chain buys @Leisure for €369m (FT) Warren Buffett’s Occidental deal is no ‘elephant’ but it helps (FT) McGraw-Hill Education and Cengage plan merger (FT) SoftBank...
...A difficult balancing act.”Kepler Cheuvreux ● Pearson retreated in response to the proposed all-share merger between two of its biggest US competitors, Cengage and McGraw-Hill Education....
...The couple have homes in suburban Seattle, New York, Washington and Beverly Hills, and 400,000 acres of land in west Texas....
...Cengage, along with Pearson Education and McGraw Hill Education, is suing a number of vendors who operate more than two dozen digital storefronts on Amazon’s website and use the company’s “Fulfillment...
...Apollo Global Management also owns the publisher McGraw Hill Education, which it acquired in a $2.4bn deal in 2013....
...Hill Financial and CME Group....
...Soon there were multiple paper routes, a painting business, and a job manning the lift at a nearby ski hill. “I wanted the independence. I wanted nice things....
...Tommy Hilfiger’s CV Education: High school graduate; immediately sets up own business, People’s Place, in 1969 Career: 1985 Tommy Hilfiger label is founded in New York 1989 Tommy Hilfiger is acquired...
...Ferocious skills Recent deals that nobody else wanted at the price Apollo was willing to pay include EP Energy, Hostess Brands, McGraw Hill Education, Momentive, Pitney Bowes Management Services and Taminco...
...The position in Heinz is now the fifth-largest holding in the High Yield Bond fund, which also recently built up a 1 per cent position in McGraw-Hill Global Education, a bond issued to finance the leveraged...
...Hopes for a lofty valuation were further hit earlier this month, as McGraw-Hill reported an 11 per cent decline in quarterly education revenues....
...People familiar with the companies said Apax could have combined McGraw-Hill’s education unit with Cengage, creating a powerful education group....
...Apollo, which bought McGraw-Hill’s rival education business earlier this year, also built a substantial position in Cengage’s second lien debt but has since sold this, people familiar with its position said...
...Shares in McGraw-Hill rose 6.6 per cent to $56.53 as the company, which recently sold its education unit for $2.5bn, said it would use some of the proceeds from the sale to issue a $2.50 per share special...
...Industry members were unsure of Variety’s possible value, noting that McGraw-Hill had sold BusinessWeek to Bloomberg for less than $5m in 2009 but that Variety was not suffering the same losses....
...The plaintiffs include HarperCollins, McGraw-Hill and Pearson Education. Pearson owns the Financial Times....
...For example, McGraw-Hill last year announced the education and data company would split itself in two, bowing to pressure from Jana Partners, an activist hedge fund, and the Ontario Teachers Pension ....
...McGraw-Hill Education, for example, may be struggling, but at a $3bn price tag (an eight times multiple of 2012 forecast ebitda) it is now well within private equity’s reach....
...The proposed tax-free spin-off of McGraw-Hill Education, on which McGraw-Hill is being advised by Goldman Sachs and Evercore Partners, will impose some constraints on future dealmaking....
...The conglomerate structure of the company has made McGraw-Hill hard to manage and prone to excess costs....
...Jana advocates a split into McGraw-Hill Education – which competes with Pearson, owner of the Financial Times, in selling textbooks and digital content to schools and colleges – from the Standard & Poor’...
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