It’s clear that “sources” with an interest in seeing McGraw-Hill Education sold off for top dollar are going to keep the media informed as the bidding process moves along. In an “exclusive” report Reuters reveals that Apollo Global Management (first identified in a mid-July WSJ story) is among those to “put in initial bids.” Not surprisingly, Bain Capital and Thomas H. Lee Partners–who were partners in the underbid for Thomson Learning (which then became Cengage)–are also named in the story. They may be the only private equity firms to have made money in the education space over the last decade […]
