The Thomson Corporation has signed agreements with funds advised by Apax Partners and OMERS Capital Partners under which such funds will acquire the higher education, careers and library reference assets of Thomson Learning. Additionally, a consortium of funds advised by Apax and OMERS will acquire Nelson Canada. The combined total value of the transaction is approximately $7.75 billion in cash.
The assets being sold include such well-known brands and businesses as Wadsworth, Delmar Learning, Gale, Heinle, Brooks/Cole and South-Western. The sale is part of Thomson's previously announced strategy to sell the assets of its Learning business to enable it "to pursue opportunities better aligned with its growth strategy and business model." Thomson Learning businesses serve the higher education, careers, library reference, corporate e-learning and e-testing markets.
See press release for more information.
Posted by P. Kaufman at May 14, 2007 7:07 AM