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

Date Closed

March 22, 2013

Lead Office

Toronto

Value

2.40 Billion USD

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.

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