Transactions & Cases Detail



Transaction/Case Details

Apollo Global Management completes US$2.4 billion acquisition of McGraw-Hill's education business

DATE CLOSED

March 22, 2013

BUSINESS SECTOR

Other

LEAD OFFICE

Toronto

VALUE

2.4 Billion USD


OVERVIEW

On March 22, 2013, The McGraw-Hill Companies announced it had completed the sale of its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC for an all-cash offer of US$2.4 billion.

Apollo Global Management, headquartered in New York City, New York, is an american private equity firm.

McGraw Hill, headquartered in New York City, New York, is a publisher of textbooks and magazines.

McCarthy Tétrault LLP acted as Canadian counsel for Apollo Global Management, as acquiror, with a team led by David Woollcombe, and including Heidi Gordon.