India, June 16 -- Investment firm Platinum Equity announced Wednesday that it has entered into a definitive agreement to acquire McGraw Hill, a provider of educational content and digital platforms, from funds managed by affiliates of Apollo Global Management, Inc. (APO) for around $4.5 billion.
The sale is expected to be completed this summer, subject to customary closing conditions and regulatory approval.
McGraw Hill, which was founded in 1888, provides outcome-focused learning solutions, delivering both curated content and digital learning tools and platforms to the classrooms. The company provides services to approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th grade school districts, and a wide va...