Supporting a market leader in global education content and digital platforms

Macquarie Capital acted as lead sell-side advisor to McGraw Hill and Apollo Global Management on McGraw Hill’s $US4.5 billion sale to Platinum Equity.

Swipe for more
Sector Technology
Sub-sector Education Services and EdTech
Location: Americas


As a result of COVID-19, the global education market has seen ongoing disruption, creating a new era of opportunity for e-learning and digital platforms.

Prior to the pandemic, in 2019, global investment in EdTech stood at $US183 billion. As a result of a spending surge brought on by COVID-19, the market is now growing at 16.3 per cent a year and is predicted to be two and a half times the size by 2025, when global expenditure could reach $US404 billion, according to HolonIQ1.

Founded in 1888, McGraw Hill provides outcome-focused learning solutions to millions of students, delivering both curated content and digital learning tools to approximately 250,000 higher education instructors, 13,000 pre-K through 12 school districts, and various professionals, companies, and institutions globally. Acquired by Apollo Global Management in 2013, McGraw Hill generates more than $US1 billion in annual revenue from its diverse suite of digital products, growing its digital offerings from less than 25 per cent of revenue in 2015, to over 70 per cent in 20212.

McGraw Hill’s mission is to unlock the full potential of each learner by creating intuitive, engaging, efficient and effective e-learning experiences, and has served as a pioneer in the education sector for more than 100 years.


With its extensive track record supporting transactions across the global EdTech landscape, Macquarie Capital’s Software and Services team acted as lead financial advisor to McGraw Hill on its $US4.5 billion acquisition by Platinum Equity in July 2021.

The deal team leveraged its deep experience positioning digital-first education content, software and services providers, attracting multiple investors and focusing attention on key growth and transformation initiatives that were taking place company-wide. Amidst lingering COVID-19 uncertainty, Macquarie Capital was able to help investors identify the most important long-term business and market trends, resulting in a highly competitive sales process.

Macquarie Capital also served as lead advisor to Apollo. The team proposed, explored and executed on multiple creative capital solutions to diversify exit opportunities for Apollo, resulting in an optimal outcome in terms of value and strategy.

McGraw Hill has long been one of the most recognizable and trusted brands in global education, but its transition to a digital-first content provider with industry-leading efficacy positions it to capture secular tailwinds in the education market.”

Zach Levin,
Macquarie Capital Software & Services


The transaction provides McGraw Hill with a capital partner for a new phase in the company’s storied history as it strengthens its standing as a digital-first education leader.

With Platinum's resources and expertise, McGraw Hill is well-positioned to accelerate on its digital growth and lead the way as a trusted education partner during a dynamic, rapidly changing time for EdTech and the sector as a whole.

Through its acquisition of McGraw Hill, Platinum Equity further establishes its presence in the education industry with one of the premier platform assets in the space.

With Platinum’s resources and support, McGraw Hill will continue to build its business to benefit customers, employees and investors, scaling its enterprise for continued expansion across digital learning.

Our company has extraordinary strengths – the best talent, technology and content in the industry, a deeply trusted brand and an unwavering commitment to educators and students to help them thrive. Now, working with the Platinum team, we will accelerate our digital transformation, which will provide value to our customers, employees and our investors.”

Simon Allen,
CEO, McGraw Hill


FY21 billings


Products in 80+ languages

Products sold in 13,000

K-12 school districts across all 50 states in the US

Related insights

No results message:
Displayed when filters returns no results.

We couldn't find any items that match your criteria.

Please reset your filter or adjust your selection.

Service unavailable:
Displayed when filter service cannot be reached.

Sorry, this service is currently unavailable.

Please try again later.