Sale of McGraw-Hill's education division - 2 views
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Cole Shaw on 29 Nov 12For the business-type folks in the class, McGraw-Hill just sold its Education division to a private equity company. They think that education will continue to be a good investment.
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Cole Shaw on 03 Dec 12Yeah, I thought it was weird. I looked into that--I think the sale is to a different "Apollo" group. UPhoenix is something like "Apollo Group" whereas McGraw Hill sold their division to "Apollo Global Management". I think they are different entities, but it is hard to tell. If they are the same organization, it is definitely a weird sign of shifting investments.
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Harvey Shaw on 03 Dec 12Cole, you're absolutely right, I missed that Apollo Global Mgmt is a VC firm.