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.
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