Platinum Equity has completed the acquisition of McGraw Hill, a global leader in educational content and digital platforms, for a purchase price of approximately $4.5 billion.
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.
McGraw Hill is one of the most trusted names in education and has been delivering best-in-class content for more than 130 years. The company is well positioned to help shape and facilitate the continued shift to digital taking place across the education landscape, to the benefit of students, educators and administrators around the world.
Currently, McGraw Hill generates more than 60% of its revenue from digital products and services, and more than 80% in its Higher Education business.
McGraw Hill CEO Simon Allen and his senior leadership team will continue to lead the business under Platinum's ownership.
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