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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.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
Trailrunner International is handling Axum Capital Partners’ move to acquire a controlling interest in BARCODE, a performance hydration brand, in partnership with NBA All-Star Victor Wembanyama.
Alpha IR and Alpha Advisory Group represent McKinley Acquisition Corp. as it plans to take hostile drone spotter and destroyer Space-Eyes public via a SPAC deal valued at $370M.
FGS Global keeps its position at the top of the heap in Mergermarket’s rankings of the top PR advisors in M&A deals for 1H26.
