Vector Capital, a private equity firm specialising in transformational investments in established technology businesses, has made a co-investment in McGraw Hill Education (McGraw Hill), a global leader in educational content and digital platforms, in partnership with Platinum Equity.
Platinum Equity originally acquired McGraw Hill in July of 2021.
Founded in 1888, McGraw Hill provides outcome-focused learning solutions to millions of students globally, delivering both curated content and digital learning tools and platforms to the classrooms of approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th grade school districts, and a wide variety of academic institutions, professionals, and companies. Its products are distributed in more than 100 countries across the Americas, Asia-Pacific, Europe, India, and the Middle East.
Rob Amen, a Managing Director at Vector Capital, says: “We have closely followed McGraw Hill, a hallmark of education solutions for well over a century, over the course of its transition into a digital-first technology enterprise. Today, McGraw Hill offers the market’s leading technology solutions through its Connect and ALEKS courseware platforms and will soon add Achieve3000 to its portfolio, which enables better outcomes for students and improved efficiency for instructors. We are excited to invest in McGraw in partnership with Platinum as it continues to further build out its technology solutions.”
“We welcome Vector Capital as a co-investor in McGraw-Hill as we continue our efforts to grow the company and accelerate our digital transformation,” says McGraw Hill CEO Simon Allen. “We are making great progress developing world leading courseware and platforms for educators and students.”
Sidley Austin LLP served as legal advisor to Vector Capital on the co-investment and Simpson Thacher & Bartlett LLP served as legal advisor to Platinum Equity.