Why Did Platinum Equity Buy McGraw Hill?
Posted on 06/20/2021
Revealed on June 15, 2021, Tom Gores’ Platinum Equity, LLC agreed to acquire McGraw Hill LLC, a New York-based textbook publishing and educational content company, from Apollo Global Management Inc. for US$ 4.5 billion. McGraw Hill is America’s third-largest textbook publisher, having it be a notable force in U.S. education. McGraw Hill CEO Simon Allen […]
