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Apollo to Acquire McGraw-Hill's Education Unit for $2.5 Billion

As reported in Bloomberg, Financial Times, The New York Times "Dealbook" and The Wall Street Journal, Paul, Weiss recently represented investment funds affiliated with Apollo Global Management, LLC in an agreement to acquire McGraw-Hill Education for $2.5 billion in cash and debt.

The divestiture of the education business is part of McGraw-Hill's strategic transformation into two separate financial information and education content companies.  The transaction, which is expected to close in late 2012 or early 2013, is subject to regulatory approval and customary closing conditions.

McGraw-Hill Education is a digital learning company that draws on its more than 100 years of educational expertise to offer solutions which improve learning outcomes around the world. The company has offices across North America, India, China, Europe, the Middle East and South America.

The multi-disciplinary Paul, Weiss team included M&A partner John Scott and counsel Brian Finnegan; finance partners Gregory Ezring, Terry Schimek and Monica Thurmond; tax partner Brad Okun; intellectual property partner Charles Googe; real estate partner Peter Fisch; and employee benefits partner Lawrence Witdorchic.

November 27, 2012

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