 |
Sard Verbinnen & Co. handles Veritas Capital as it inks a $2.8B deal to acquire Houghton Mifflin Harcourt “learning technology” company for students K-12.
HMH says it closed the deal after discussions with several potential strategic and financial bidders.
Partnering with Veritas, according to HMH CEO Jack Lynch, will “accelerate our momentum and increase our impact on the 4M teachers and 50M students that we support each day.”
Veritas CEO Ramzi Musallam called HMH “one of the storied brands in education” and he’s excited to “expand its market-leading digital solutions.”
The deal is expected to close during the second quarter.
SVC has Jenny Gore and Julie Rudnick representing Veritas.
Finsbury Glover Hering owns SVC.
Josh Hochberg, COO and global head of special situations and investor relations at Edelman Smithfield, has joined ICR as president, communications.
Juleanna Glover’s Ridgely Walsh handles Lupa Systems as James Murdoch’s media & technology investment company acquires New York Magazine, Vox Media Podcast and various digital properties of Vox Media.
Publicis Groupe has acquired LiveRamp, the San Francisco-based data collaboration platform, for $2.2B.
Joele Frank is working the media for Atlanta’s Bitcoin Depot as the country’s largest operator of bitcoin ATMs files for Chapter 11 to begin the wind-down of its business.
Catalyst IR handles Mobix Labs as it signs a “non-binding letter of intent” to acquire Special Project Delivery LLC, a privately-owned platform with positions in US rare earth properties.
