(Bloomberg)-Veritas Capital works on a combination of Cambium Learning Group and Houghton Mifflin Harcourt, two of his portfolio companies related to education, according to people who find out the issue.
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The private capital company bought Cambium and HMH in 2018 and 2022.
The debate is ongoing and no final decisions have been made, the people said, seeking not to identify themselves in the discussion of confidential data. The Veritas representative refused to comment.
Veritas’s HMH redemption has appreciated the company at about $ 2.8 billion, and connection with Cambium was among the options considered when the company achieved the job, Bloomberg News reported at the time. Cambium and HMH have $ 2.15 billion and $ 2.5 billion in -al, the information composed by the Bloomberg Show.
Cambium provides educational technology and services more than 29 million students and serves 95% of US school districts, shows on his website. The HMH, which publishes textbooks and offers other learning materials, says its products use 50 million students in 150 countries. Both companies serve kindergarten up to 12th grade.
-In help Ryan Gould.
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