McGraw Hill Acquires Essaypop, Strengthening its Portfolio of Digital Literacy Tools
Interactive, Research-based Writing Solution Will Enhance McGraw Hill’s Personalized Learning Capabilities for K-12 ...
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Press Releases • April 16, 2025
Platinum Equity Supports Proposed Recapitalization Agreement at Aventiv Technologies
LOS ANGELES (April 16, 2025) – Platinum Equity confirmed today that it and other financial stakeholders have reached agreement to recapitalize Aventiv Technologies via an out-of-court debt-for-equity exchange. If approved by relevant regulatory agencies, the agreement, announced today, will facilitate Platinum’s long-anticipated divestiture of the business as Aventiv transitions to new ownership upon close of the transaction. In March 2024, Platinum initiated a process to evaluate strategic alternatives for Aventiv, which has been significantly transformed under Platinum’s ownershi...
Read moreApril 16, 2025
Why Platinum Equity Portco McGraw Hill Accelerated Its Digital Transformation
EAST YORK, Pa. — Some things just came naturally to Jackson Lau. Take math. For years, he cruised through the subject with ease, but then came fourth grade, and with it, geometry. Suddenly, math wasn’t so simple anymore. His mother, Amy, watched as her son wrestled with tricky concepts like measuring angles and calculating the area of a shape. She worried that his confidence as a learner might waver. But it didn’t. A couple years ago, Wrightsville Elementary was one of two schools in the Eastern York (Pa.) School District to implement a suite of McGraw Hill digital tools that...
Read moreApril 04, 2025
Platinum Equity's Club Room Conversation Highlights Firm's Female Leaders
BEVERLY HILLS, Calif. – To recognize Women’s History Month, Platinum Equity recently gave employees an opportunity to hear from five female executives in what will hopefully be the first in a series of conversations where senior executives provide insight and advice for ways to grow within the firm. Held in Platinum Equity’s Club Room, the idea is to tap the minds of the firm’s diverse leadership to engage with employees for a shared learning experience. Partner/Global CFO Mary Ann Sigler, M&A Global Head of Ops Partner Stephanie Barter, M&A Execution Senior VP Katherine ...
Read morePress Releases • March 24, 2025
McGraw Hill Acquires Essaypop, Strengthening its Portfolio of Digital Literacy Tools
Interactive, Research-based Writing Solution Will Enhance McGraw Hill’s Personalized Learning Capabilities for K-12 COLUMBUS, Ohio (March 24, 2025) – McGraw Hill, a leading global education company, 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. “The Essaypop acquisition further supports McGraw Hill's personalized learning capabilities and transformation into a global provider of digital learning solutions. This is another strat...
Read moreMarch 10, 2025
Platinum Equity Ready for Annual JRLA Mentorship Event: ‘A Lifelong Connection’
DETROIT – Last June, local sportswriters gathered at the Henry Ford Pistons Performance Center basketball court for a news conference where Detroit Pistons owner Tom Gores welcomed Trajan Langdon, the franchise’s new President of Basketball Operations. After a series of questions from veteran journalists, a new face added his voice to the proceeding. Platinum Equity Partner Mark Barnhill, who was overseeing the news conference, called on Jalen Rose Leadership Academy senior Ethan Dorsett, who was seated among media members. “What do you most look forward to doing for this organizat...
Read moreFebruary 26, 2025
Platinum Equity’s 2024 Highlighted by $12.4B Fund VI Close, Ingram IPO, Deal Uptick
In spite of a challenging climate for fund raising, Platinum Equity Capital Partners VI (“Fund VI”) closed in 2024 with $12.4 billion in capital commitments, exceeding its target. The global M&A markets saw some signs of a rebound last year after a slow 2023. Platinum Equity reacted with a combination of discipline and creativity, completing 12 new platform acquisitions and 59 add-ons across multiple sectors. The firm’s credit team also had another active year. Harvesting value was a top priority with 13 divestitures and several other monetization events. Arguably the most v...
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