Veritas Capital is bidding to take educational publisher Houghton Mifflin Harcourt Co private, Bloomberg News reported on Sunday citing people familiar with the matter.
The private equity firm could merge Houghton Mifflin with its portfolio company Cambium Learning Group, the report added citing one of the people.
Veritas Capital and Houghton Mifflin declined to comment. Cambium Learning did not immediately respond to a request for comment.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
As of Friday’s close, Houghton Mifflin Harcourt’s market capitalization was $2.3 billion, according to Refinitiv Eikon data.
Founded in 1832, Boston-based Houghton Mifflin caters to more than 50 million students and 3 million educators in 150 countries.
Source: Reuters
Can’t stop reading? Read more
Ares raises $5.4bn for US and Europe real estate strategies as recovery drives demand
Ares raises $5.4bn for US and Europe real estate strategies as recovery drives demand Ares has...
Blue Owl caps fund withdrawals as private credit demand recalibrates amid market volatility
Blue Owl caps fund withdrawals as private credit demand recalibrates amid market volatility Blue...
Sycamore targets $4bn profit at Walgreens following $10bn buyout
Sycamore targets $4bn profit at Walgreens following $10bn buyout Sycamore Partners is targeting a...