Trade Sale - Public Company • Education

The Blackstone Group, Bain Capital Private Equity and Thomas H. Lee Partners Exits HMH

On November 30, 2006, invested in education company HMH from The Blackstone Group, Bain Capital Private Equity and Thomas H. Lee Partners for 3.4B USD

Investment Context
  • This is transaction in the Education sector.
  • This is largest (disclosed) transaction.
  • This is transaction in the United States.
  • This is transaction in Massachusetts.
Investment Fate
  • HMH was sold to a financial buyer in 2008.
  • HMH was recapitalized in 2010.
  • HMH was sold to a financial buyer in 2022 for 2.8B USD.

Explore All 165 Trade Sale - Public Company Education Deals - Search the Database Free


Investment Summary

Date November 30, 2006
Target HMH
Sector Education
Sellers(s) The Blackstone Group
Bain Capital Private Equity
Thomas H. Lee Partners
Deal Type Trade Sale - Public Company
Deal Value 3.4B USD

Target Company

HMH

Boston, Massachusetts, United States
HMH is a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve student outcomes. As a 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.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Seller Profiles 3

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


Deal Context for Seller #
Overall 33 of 195
Sector: Education 1 of 2
Type: 4 of 28
State: Massachusetts 1 of 3
Country: United States 21 of 118
Year: 2006 5 of 5
Size (of disclosed) 14 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-19 Equity Office Properties Trust

Chicago,, Illinois, United States

Equity Office Properties Trust, a real estate investment trust (REIT), engages in the ownership, management, development, and operation of office properties in the United States.

Buy USD36.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-18 Casual Dining Group

London, United Kingdom

Casual Dining Group is an independent restaurant company comprised of over 140 restaurants trading as Bella Italia, Café Rouge, and Las Iguanas. Its restaurants are located across the country, from Aberdeen to Plymouth, employing almost 8000 people and serving 20 million meals each year. Casual Dining was formed in 2002 and is based in London.

Buy £432M
SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


Deal Context for Seller #
Overall 20 of 152
Sector: Education 1 of 3
Type: 8 of 33
State: Massachusetts 3 of 8
Country: United States 19 of 87
Year: 2006 4 of 6
Size (of disclosed) 7 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-17 HCA Healthcare

Nashville, Tennessee, United States

HCA Healthcare is a national healthcare service provider. HCA operates general and acute care hospitals with a full range of services to accommodate such medical specialties as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics, as well as diagnostic and emergency services. Outpatient and ancillary health care services are provided by general, acute care hospitals, freestanding surgery centers, diagnostic centers, and rehabilitation facilities. HCA's psychiatric hospitals provide a full range of mental health care services through inpatient, partial hospitalization and outpatient settings. HCA Healthcare was formed in 1968 and is based in Nashville, Tennessee.

Buy $33.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-11 Argencard S.A

Buenos Aires, Argentina

Argencard S.A. is an electronic transaction processing company and a merchant network administrator.

Sell -
SELLER

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 10 of 54
Sector: Education 1 of 1
Type: 1 of 12
State: Massachusetts 1 of 5
Country: United States 7 of 45
Year: 2006 2 of 3
Size (of disclosed) 5 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-16 iHeartMedia

San Antonio, Texas, United States

iHeartMedia is a diversified media and entertainment company with three reportable business segments: iHeartMedia, Americas outdoor advertising, and International outdoor advertising. iHeartMedia is based in San Antonio, Texas.

Buy $26.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-14 ProSiebenSat.1 Media

Unterfohring, Germany

ProSiebenSat.1 Media is a media company that operates 27 TV channels in 10 countries. The entertainment segment operates free TV stations, such as SAT.1, prosieben, kabel eins, sixx, SAT.1 gold, prosieben MAXX, and kabel eins doku, as well as distributes prosiebenSat.1 HD stations. ProSiebenSat.1 Media was founded in 1984 and is based in Unterfohring, Germany.

Sell $3.9B