A day after McGraw-Hill filed SEC documents offering financial details about the planned spinoff MH Education company, the NY Post reports that the company has also hired Evercore Partners and Goldman Sachs to explore an outright sale of the unit. As usual private equity firms are tipped as the most likely bidders, though the paper notes in an understatement that private equity has “a mixed record in the education publishing and testing space.” The source or the paper–it’s hard to tell which–asserts that “the education unit is worth an estimated $3 billion, based on its $400 million in Ebitda, or earnings […]
