Tuesday, November 27, 2012

McGraw Hill Education sold to Investment Fund

It was reported today that McGraw-Hill Education has been sold to investment funds affiliated with Apollo Global Management, LLC (NYSE: APO). When the deal closes, the company will be renamed McGraw Hill Financial, and will focus on developing as a high-growth, high-margin benchmarks, content and analytics company in the global capital and commodities markets. 

Read more about this transaction.