M&A Deal Summary

McGraw Hill Education Acquires Achieve3000

On August 30, 2021, McGraw Hill Education acquired internet software and services company Achieve3000

Acquisition Highlights
  • This is McGraw Hill Education’s 3rd transaction in the Internet Software and Services sector.
  • This is McGraw Hill Education’s 12th transaction in the United States.
  • This is McGraw Hill Education’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-08-30
Target Achieve3000
Sector Internet Software and Services
Buyer(s) McGraw Hill Education
Deal Type Add-on Acquisition
Advisor(s) Macquarie Capital (Financial)

Target

Achieve3000

Red Bank, New Jersey, United States
Achieve3000 delivers a comprehensive learning platform that significantly accelerates and deepens learning in literacy, math, science, social studies, and English Language Arts. Achieve3000 was founded in 2000 and is based in Red Bank, New Jersey.

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Buyer(S) 1

Buyer

McGraw Hill Education

New York, New York, United States
Category Company
Founded 1888
Sector Education
Employees5,300
DESCRIPTION

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.

DEAL STATS #
Overall 15 of 16
Sector (Internet Software and Services) 3 of 4
Type (Add-on Acquisition) 14 of 15
State (New Jersey) 1 of 1
Country (United States) 12 of 13
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 McGraw Hill Professional Audiobook Publishing Business

New York, New York, United States

McGraw Hill Professional's Audiobook Publishing Business offers audiobook producer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 Busuu

Madrid, Spain

Busuu is an online social network for language learning with millions of users. Busuu is used by individuals across a broad age range, both in and out of formal education, and also provides corporate language training to hundreds of organizations. Its innovative approach combines self-paced courses developed by an in-house team of language experts with instant feedback from a global community of native speakers.

Sell $436M
Mergr

Product

Company

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