Reuters – Bain, Apollo Eye McGraw-Hill Unit
McGraw-Hill Companies Inc.'s education unit is expected to draw final bids from private equity firms Bain Capital and Apollo Global Management as well as rival Cengage Learning Inc., in a deal that could fetch around $3 billion, several people familiar with the matter said, according to a Reuters report. Cengage, the No. 2 U.S. college textbook publisher, and the two private equity firms are working on final offers for McGraw-Hill Education, the world's second-largest education company by sales, with the bids due later in October, the people said.
11 October 2012•2 mins read
