M&A Deal Summary

Apollo Global Management and ATP Private Equity Partners Acquire McGraw Hill Education

On March 22, 2013, asset manager Apollo Global Management and private equity firm ATP Private Equity Partners acquired education company McGraw Hill Education from S&P Global for 2.5B USD

Acquisition Highlights
  • This is Apollo Global Management’s 2nd and ATP Private Equity Partners’ 1st transaction in the Education sector.
  • This is Apollo Global Management’s 20th and ATP Private Equity Partners’ 11th largest (disclosed) transaction.
  • This is Apollo Global Management’s 26th and ATP Private Equity Partners’ 11th transaction in the United States.
  • This is Apollo Global Management’s 2nd and ATP Private Equity Partners’ 3rd transaction in New York.
Investment Fate
  • McGraw Hill Education was sold to a consortium of financial buyers in 2021 for 4.5B USD.

M&A Deal Summary
Date 2013-03-22
Target McGraw Hill Education
Sector Education
Buyer(s) Apollo Global Management
ATP Private Equity Partners
Sellers(s) S&P Global
Deal Type Divestiture
Deal Value 2.5B USD

Target

McGraw Hill Education

New York, New York, United States
McGraw Hill Education is a provider of high-quality educational material and learning solutions for students, instructors, and institutions around the world. McGraw Hill Education was founded in 1888 and is based in New York City.

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Buyer(S) 2

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 33 of 140
Sector (Education) 2 of 3
Type (Divestiture) 4 of 26
State (New York) 2 of 6
Country (United States) 26 of 101
Year (2013) 2 of 6
Size (of disclosed) 20 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-12 Hostess Brands

Lenexa, Kansas, United States

Hostess Brands is a packaged food company focused on developing, manufacturing, marketing, selling and distributing fresh sweet baked goods in the United States. Hostess Brands was founded in 1919 and is based in Lenexa, Kansas.

Buy $410M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-18 Taminco

Allentown, Pennsylvania, United States

Taminco is a global specialty chemical company, with a clear focus on niche markets. Taminco is the world's leading producer of alkylamines & derivatives and a major producer of formic acid & derivatives, supplying diversified, global end markets. Taminco's products are used by customers in the manufacture of a diverse array of products for the agriculture, animal nutrition, water treatment, personal & home care and oil & gas end-markets, and its products provide these goods with a variety of ancillary characteristics required for optimal performance. Taminco currently operates in 23 countries with eight production facilities.

Sell -
Buyer

ATP Private Equity Partners

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.

DEAL STATS #
Overall 23 of 44
Sector (Education) 1 of 1
Type (Divestiture) 3 of 5
State (New York) 3 of 3
Country (United States) 11 of 19
Year (2013) 1 of 2
Size (of disclosed) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Bradshaw

Rancho Cucamonga, California, United States

Bradshaw is a designer, marketer, and category manager of high-quality kitchen tools and gadgets, bakeware, cookware, food storage, and home cleaning products to retailers across North America. The Company sells over 7,000 products under nationally recognized brands including: Good Cook, Casabella, Evercare, Mr. Clean, Clorox, and Dawn, in addition to supporting retailers’ private label programs. Bradshaw was formed in 1969 and is based in Rancho Cucamonga, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 GE AVIO S.r.l.

Rivalta, TO, Italy

Avio is a designers and manufacturers of components and systems for commercial, military and space launch engines. Its activities include jet derivative engines and automation systems for naval and industrial applications, power generation and a highly successful maintenance, repair and overhaul operation for civil and military clients.

Sell €3.3B

Seller(S) 1

SELLER

S&P Global

New York, New York, United States
Category Company
Founded 1860
Sector Information Services
Employees40,450
Revenue 12.5B USD (2023)
DESCRIPTION

S&P Global is a financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions, and analytics. McGraw Hill's iconic brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power and McGraw Hill Construction. S&P Global was founded in 1860 and is based in New York City.

DEAL STATS #
Overall 5 of 12
Sector (Education) 1 of 1
Type (Divestiture) 5 of 11
State (New York) 3 of 6
Country (United States) 5 of 11
Year (2013) 1 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-03 Quant House

Paris, France

Quant House is a provider of an end-to-end systematic trading solutions including ultra-low latency market data, algo trading development frameworks, proximity hosting and order routing to hedge funds, market makers, proprietary desks, brokers and sell-side firms. Quant House was formed in 2003 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 McGraw Hill - Aviation Week

New York, New York, United States

Aviation Week is a magazine publisher focused on the aerospace sector. It serves over 1.2 million professionals in 185 countries and is the largest information and services provider to the global commercial, defense, maintenance/repair/overhaul (MRO), space and business aviation communities.

Sell -
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