M&A Deal Summary

Veritas Capital Acquires HMH

On February 22, 2022, private equity firm Veritas Capital acquired education company HMH for 2.8B USD

Acquisition Highlights
  • This is Veritas Capital’s 2nd transaction in the Education sector.
  • This is Veritas Capital’s 5th largest (disclosed) transaction.
  • This is Veritas Capital’s 34th transaction in the United States.
  • This is Veritas Capital’s 4th transaction in Massachusetts.

M&A Deal Summary
Date 2022-02-22
Target HMH
Sector Education
Buyer(s) Veritas Capital
Deal Type Going Private
Deal Value 2.8B USD
Advisor(s) Evercore Group (Financial)
Wilmer Cutler Pickering Hale and Dorr (Legal)

Target

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 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.

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Buyer(S) 1

Buyer

Veritas Capital

New York, New York, United States
Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.

DEAL STATS #
Overall 34 of 41
Sector (Education) 2 of 2
Type (Going Private) 5 of 6
State (Massachusetts) 4 of 4
Country (United States) 34 of 40
Year (2022) 1 of 5
Size (of disclosed) 5 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 SolAero

Albuquerque, New Mexico, United States

SolAero is a manufacturer of highly efficient, radiation-hard solar cells, Coverglass Interconnected Cells (CICs), and solar panels for space power applications. Since 2001, SolAero products have powered 160 successful space missions with zero on-orbit failures. SolAero Technologies was founded in 1998 and is based in Albuquerque, New Mexico.

Sell $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Epiq Solutions

Rolling Meadows, Illinois, United States

Epiq Solutions develops cutting edge RF tools that provide situational awareness and detailed insight into RF environments. The Company offers a portfolio of commercial-off-the-shelf hardware and differentiated software solutions that leverage open-architecture standards, allowing government and enterprise customers to rapidly insert technology and accelerate modernization efforts. Epiq Solutions was founded in 2009 and is based in Rolling Meadows, Illinois.

Buy -
Mergr

Product

Company

Legal