McGraw Hill Platinum Equity Fund is a unique investment option that takes a distinct approach to generating returns. The fund focuses on investing in the global equity market.
The fund's investment approach is guided by a thorough research process, which involves analyzing various market data and trends. This research helps the fund's managers make informed investment decisions.
McGraw Hill Platinum Equity Fund is designed to provide investors with a diversified portfolio of high-growth stocks. The fund's portfolio is regularly reviewed and adjusted to ensure it remains aligned with the fund's investment objectives.
The fund's investment approach is centered around finding undervalued companies with strong growth potential.
Platinum Equity to Buy in $4.5bn Deal
Platinum Equity has struck a $4.5 billion deal to buy educational publisher McGraw Hill from current owner Apollo Global Management.
McGraw Hill is a highly scalable enterprise with substantial opportunities for additional expansion. The publisher generates more than $1 billion a year in revenue from digital products.
Founded in 1888, McGraw Hill provides learning solutions to millions of students globally, delivering textbooks and digital learning tools to the classrooms of more than 250,000 higher education instructors, and 13,000 pre-kindergarten through 12th grade school districts.
The sale is expected to be completed this summer, subject to regulatory approval. McGraw Hill's digital content has grown from less than 25% of revenue in 2013 to more than 60% today, with over 80% in its higher education segment.
Platinum Equity's Founder and Chief Executive Tom Gores believes in McGraw Hill's mission to create a brighter future for learners of all ages around the world. The pandemic has been especially disruptive to education, making it more important than ever to invest in innovative solutions and digital learning tools.
McGraw Hill Chief Executive Simon Allen and his senior leadership team will continue to lead the business under Platinum's ownership. The company has extraordinary strengths, including the best talent, technology, and content in the industry.
Platinum Equity Managing Director Luke Myers said the publisher is "highly scalable" and its new owners will "continue investing in the company's existing educational offerings while pursuing new avenues for growth both organically and through potential strategic acquisitions."
Co-investment Details
Vector Capital has made a co-investment in McGraw Hill Education, a global leader in educational content and digital platforms.
This co-investment was made in partnership with Platinum Equity, which originally acquired McGraw Hill in July of 2021.
Frequently Asked Questions
Is McGraw Hill owned by Platinum Equity?
McGraw Hill is owned by Platinum Equity, a private equity firm, as part of its portfolio of companies. This strategic partnership supports McGraw Hill's continued growth and innovation in education and professional learning.
What happened to McGraw Hill Publishing?
McGraw Hill Publishing was acquired by Apollo Global Management in 2013 for $2.4 billion and later sold to Platinum Equity in 2021 for $4.5 billion. The company has undergone significant changes in ownership over the years.
Who is the owner of Platinum Equity?
Tom Gores is the founder and owner of Platinum Equity. He established the firm in 1995 and continues to guide its strategic direction.
What is the reputation of Platinum Equity?
Platinum Equity has a 3.6/5 overall rating from employees, with 45% recommending it to friends and 66% having a positive outlook. However, its rating has decreased by 6% over the last 12 months, suggesting some mixed opinions about the company.
Sources
- https://labusinessjournal.com/finance/platinum-equity-buy-mcgraw-hill-4-billion/
- https://www.thebookseller.com/news/platinum-equity-buy-mcgraw-hill-45bn-deal-1264626
- https://www.foxbusiness.com/media/mcgraw-hill-sold-by-apollo-global-management
- https://www.vectorcapital.com/news/1
- https://www.foxbusiness.com/media/mcgraw-hill-sold-by-apollo-global-management
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