Simpson Thacher Represents Cengage Learning, Inc. in Connection with its $750 Million Acquisition of the College Division of Houghton Mifflin Company
12.19.07
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On November 30, 2007, Cengage Learning, Inc. agreed to acquire the assets of the College Division of Houghton Mifflin Company in a transaction valued at $750 million. Simpson Thacher represented Cengage Learning, Inc. in the transaction. Cengage Learning was purchased by Apax Partners and Omers Capital Partners in July 2007.
Houghton Mifflin’s College Division publishes textbooks, study guides, technology tools, and other materials primarily for introductory-level college courses, in both print and electronic form.
The closing of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first quarter of 2008.
The Simpson Thacher attorneys working on the deal are: Bill Dougherty, Doug Bacon and Patrick Dowd (M&A); Gary Mandel and Sean Austin (Tax); Brian Robbins, Rachel Berry and Robert Lakind (Executive Compensation); Kerry Konrad and Jennifer Rackoff (Intellectual Property); Jay Ptashek (Credit); Scott Dyer (Labor); Adeeb Fadil and Noreen Lavan (Environmental).