Vector Capital, a private equity firm specializing in transformational investments in established technology businesses, has made a co-investment in McGraw Hill Education, a provider of educational content and digital services, in partnership with Platinum Equity. Platinum Equity originally acquired McGraw Hill in July of 2021.
Rob Amen, a managing director at Vector Capital, said, “We have closely followed McGraw Hill, a hallmark of education solutions for well over a century, over the course of its transition into a digital-first technology enterprise. Today, McGraw Hill offers the market’s leading technology solutions through its Connect and ALEKS courseware platforms and will soon add Achieve3000 to its portfolio, which enables better outcomes for students and improved efficiency for instructors. We are excited to invest in McGraw in partnership with Platinum as it continues to further build out its technology solutions.”
“We welcome Vector Capital as a co-investor in McGraw-Hill as we continue our efforts to grow the company and accelerate our digital transformation,” said McGraw Hill CEO Simon Allen. “We are making great progress developing world leading courseware and platforms for educators and students.”
Sidley Austin LLP served as legal advisor to Vector Capital on the co-investment and Simpson Thacher & Bartlett LLP served as legal advisor to Platinum Equity.