Consistent with reports from this spring — and rumors from 2014 — McGraw-Hill Education’s private equity owners Apollo Global Management look to be moving ahead with plans for an IPO. “People familiar with the matter” tell Reuters the company has hired Credit Suisse and Morgan Stanley as lead underwriters and “expects to launch the IPO at the end of the year” following back-to-school sales. The market will determine the company’s value, but the leakers continue to assert a range of between $5 billion and $6 billion, including debt — which continues to sound aggressive until proven otherwise. Apollo bought the company in […]
