Posts tagged Apollo Global Management
McGraw-Hill: We don’t need no education publishers
November 30, 2012 | 12:21 pm
By Andy Richardson, CEO of Influential Software It’s a case of another week, another publishing takeover. This week, McGraw-Hill announced that it was offloading its education publishing business, though this time not to another publisher. The private equity arm of investment firm Apollo Global Management will take control of the textbook publisher, which has undershot its revenue targets in seven of the last eight quarters and has been on the market for a year. Apollo’s decision to invest nearly $2.5 billion in the company is a signal that the money men believe there’s still a lot of profit to be made from educational publishing. What’s less clear, however, is...