“Congratulations to the entire McGraw Hill team,” Platinum Equity Co-President Jacob Kotzubei said. “We are grateful for their hard work and their passion for serving the needs of educators and learners around the world. We are proud of the progress we have made together over the last several years and are confident they will be a great public company.”

Founded in 1888, and headquartered in Columbus, Ohio, McGraw Hill services preK-12, higher education and professional learning, supporting the evolving needs of millions of educators and students around the world. It has more than 30 offices across North America, Asia, Australia, Europe, the Middle East and South America, and makes learning solutions available in more than 80 languages. 

The offering was led by Goldman Sachs. Platinum Equity, which acquired McGraw Hill in 2021, remains the company’s largest shareholder.

“Platinum Equity has helped accelerate our evolution into a leading global provider of information solutions for education, providing data-driven and AI-powered insights that transform the learning experience,” McGraw Hill CEO Simon Allen said. “We believe the transformation of our business has positioned us well for this moment and the growth opportunities that lie ahead.”

From fiscal year 2021 to fiscal year 2025, McGraw Hill more than doubled its digital revenue, which was over $1.4 billion in fiscal year 2025, and now has more than 26 million paid digital users across the business.

Among other improvements during Platinum Equity’s stewardship are optimized product delivery, new personalized learning tools and an overhauled delivery model called Evergreen™ that allows digital content to be updated quickly and in real time for its customers. Also, McGraw Hill has focused on leveraging generative artificial intelligence (GenAI) tools to enhance learning. The goal is to use the technology to deliver personalized learning experiences for students while also helping educators provide more effective support.

Strategic acquisitions have also been key. Earlier this year, McGraw Hill announced the acquisition of Essaypop, an interactive, cloud-based writing solution built by teachers to demystify writing in a way that is user-friendly and intuitive for both educators and students.

“We have invested heavily in technology-enabled innovation over the past several years,” Platinum Equity Managing Director Matthew Louie said. “We will continue working with the company to explore additional M&A opportunities that can strengthen its portfolio and expand the solutions the company provides its customers.”

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