Private equity firm Veritas Capital formally completed their purchase of Houghton Mifflin Harcourt, valuing the shares at roughly $2.8 billion. Now a private company again, the shares no longer trade on the NASDAQ. CEO and managing partner of Veritas Ramzi Musallam says in the release: “This acquisition underscores Veritas’ commitment to investing in businesses that leverage technology to make a positive impact, and we see vast opportunity for innovation and impact in the education technology market. We look forward to working with Jack [Lynch] and the leadership team and bringing to bear our expertise in K-12 education as HMH executes […]
