McGraw Hill, a portfolio company of Platinum Equity, is buying learning acceleration company Achieve3000. The acquisition marks McGraw’s first add-on since it was bought by Platinum Equity in July 2021.
Achieve3000 offers a platform that accelerates and deepens learning in literacy, math, science, social studies, and English language arts for pre-K to 12 students across all 50 states and 49 countries.
“The need for supplemental curriculum solutions is greater than ever as our educational system continues to grapple with the impact of the pandemic,” says Platinum Equity partner Jacob Kotzubei.
Gibson, Dunn & Crutcher LLP is advising Platinum Equity and McGraw Hill and Willkie Farr is providing financing counsel. BofA Securities is providing debt financing. Macquarie Capital is advising Achieve3000.