Deal Details
McGraw Hill Completes $414.6 Million Initial Public Offering
Summary
McGraw Hill, Inc. (“McGraw Hill”) (NYSE: MH), a leading global provider of information solutions for education and portfolio company of Platinum Equity, recently completed its initial public offering of 24,390,000 shares of common stock at a public offering price of $17.00 per share, generating gross proceeds of approximately $414.6 million. The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 3,658,500 shares of common stock. McGraw Hill intends to use the net proceeds that it receives from the offering to repay a portion of its outstanding borrowings under its term loan credit facility. McGraw Hill will not receive any proceeds from the sale of shares by the selling stockholder if the underwriters exercise their option to purchase additional shares of common stock.
Baird served as a co-manager on this transaction.
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations–a trademarked strategy it calls M&A&O®–acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions. Platinum Equity is headquartered in Beverly Hills, California.
- Date
- July 2025
- Company
- McGraw Hill, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
Knowledge Solutions
- Target Geography
- North America
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