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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.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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