M&A Deal Summary

HMH Acquires Scholastic - Educational Technology and Services Business

On May 29, 2015, HMH acquired information technology company Scholastic - Educational Technology and Services Business from Scholastic for 575M USD

Acquisition Highlights
  • This is HMH’s 1st transaction in the Information Technology sector.
  • This is HMH’s largest (disclosed) transaction.
  • This is HMH’s 4th transaction in the United States.
  • This is HMH’s 1st transaction in New York.

M&A Deal Summary

Date 2015-05-29
Target Scholastic - Educational Technology and Services Business
Sector Information Technology
Buyer(s) HMH
Sellers(s) Scholastic
Deal Type Divestiture
Deal Value 575M USD

Target

Scholastic - Educational Technology and Services Business

New York, New York, United States
Scholastic Corp's Edtech business produces and distributes curriculum-based learning technology and materials for grades pre-kindergarten to 12.

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Buyer(S) 1

Buyer

HMH

Boston, Massachusetts, United States

website


Category Company
Founded 1832
Sector Education
Employees3,300
Revenue 1.0B USD (2020)
DESCRIPTION

HMH is a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve student outcomes. As a leading provider of K–12 core curriculum, supplemental and intervention solutions, and professional learning services, HMH partners with educators and school districts to uncover solutions that unlock students' potential and extend teachers' capabilities. HMH serves more than 50 million students and four million educators in 150 countries. HMH was founded in 1832 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 8
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 2
State (New York) 1 of 1
Country (United States) 4 of 8
Year (2015) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 SchoolChapters

West Hartford, Connecticut, United States

SchoolChapters, Inc. is a provider of student-owned cloud-based file sharing and storage system.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 MeeGenius - eBook and Technology Assets

United States

MeeGenius - eBook and Technology Assets is provider of digital content for parents and young learners and supports its ongoing strategic focus on the direct-to-consumer market.

Buy -

Seller(S) 1

SELLER

Scholastic

New York, New York, United States

website


Category Company
Founded 1920
Sector Publishing
Employees8,300
Revenue 1.5B USD (2020)
DESCRIPTION

Scholastic is a publisher and distributor of children's books and a leader in educational technology and related services and children's media. Scholastic creates quality books and ebooks, print and technology-based learning materials and programs, magazines, multi-media and other products that help children learn both at school and at home. Scholastic was founded in 1920 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-06 Weekly Reader Publishing

United States

Weekly Reader Publishing is a publisher of educational materials that has been in existence for over 100 years. It provides teaching materials to elementary and secondary schools that was used by more than 90 percent of that country's school districts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 Mrs. Nelson s Book Fairs

Pomona, California, United States

Mrs. Nelson's Book Fairs, Inc. is a provider of personalized book fairs, book ordering and bindery services to provide fundraising opportunities, extend the life of books, and promote the love of reading and learning. Mrs. Nelson's Book Fairs is based in Pomona, California.

Buy -