Veritas Capital, the investment firm that took Houghton Mifflin Harcourt private in 2022, is reported to be preparing a merger between HMH and Cambium Learning — which Veritas acquired in 2018. Citing two people familiar with the plans, Bloomberg indicates the standard disclaimers: “Deliberations are ongoing and no final decisions have been taken, the people said, asking not to be identified discussing confidential information. A representative for Veritas declined to comment.” The merger has been expected since Veritas acquired HMH. Cambium carries $2.15 billion in debt and HMH has $2.5 billion in loans outstanding, according to Bloomberg. A year ago, […]
