Ellucian, McGraw Hill acquired in private-equity deals

guest · Jun 19, 2021

Ellucian, McGraw Hill acquired in private-equity deals
June 16, 2021
https://edscoop.com/ellucian-mcgraw-hill-acquired-in-private-equity-deals/

Education vendors Ellucian and McGraw-Hill changed hands this week in a series of private-equity deals as the edtech market continues to grow.

McGraw-Hill, a leading provider of textbooks and other learning resources and textbooks to both K-12 schools and higher education, was purchased by Platinum Equity for $4.5 billion from its previous owner, Apollo Funds, according to a news release Wednesday.
The higher education software provider Ellucian, meanwhile, was acquired Monday by Blackstone and Vista Equity Partners. A sale price was not disclosed.
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McGraw-Hill, founded in 1888, has more recently branched into digital services, including acquiring the developer of online training platform SIMnet last month, and expanding its relationship with K-12 company Clever in January to expand access to digital tools for schools nationwide.

Ellucian has more than 2,700 college and university clients using its enterprise-planning software, which handles services like advising, financial aid and data and analytics.
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