McGraw Hill Files for Public Offering

More than a decade after McGraw Hill was sold to the private equity firm Apollo Global Management LLC for $2.5 billion, Platinum Equity, which bought the company in 2021 for $4.5 billion, has filed a prospectus with the Securities & Exchange Commission to take the company public. According to the announcement, the initial public offering price is expected to be between $19.00 and $22.00 per share and MH intends to use the net proceeds of roughly $530 million from the offering to repay a portion of the outstanding borrowings under its term loan credit facility. If MH gets its asking price for the shares, the company would have a valuation of about $4 billion.

McGraw Hill Files for Public Offering

Related Posts

Clermont Mill Energy Recovery Project: An Industry First

Our Clermont Mill, a nearly century-old institution in Quebec’s Charlevoix region, has long been a pillar of the local community. The mill is home to a paper machine that produces 221,000 metric tons of newsprint a year from thermomechanical pulp. Faced with the high energy demands of paper production, the mill rose to the challenge with an innovative energy recovery project. Fully aware of the opportunities to optimize steam consumption, the team at the Clermont Mill partnered with Hydro-Québec to develop an ambitious energy recovery project. Hydro-Québec provided CA$3 million of financial assistance to help the mill reduce its steam consumption by capturing and reusing waste heat. The project involved installing heat exchangers and two water-to-water heat pumps, directly integrated into the paper production process — a first for Quebec’s pulp and paper industry. The initiative has yielded significant results, including an annual savings of CA$800,000 and a 15-million-kWh reduction in energy consumption. To better illustrate the impact, the energy saved could power 880 houses, a statistic that highlights the project’s economic and environmental benefits.

Introducing Domtar Connects: Building Stronger Communities

This Earth Day, we’re proud to launch Domtar Connects — a companywide framework that brings together contributions and employee-led community service to strengthen the places where we live and work. Inspired by the legacy of the EarthChoice Ambassador (ECA) Program and countless employee-led grassroots initiatives, Domtar Connects is designed to engage employees, align with our corporate values and maximize our impact. The program complements owner Jackson Wijaya’s commitment to philanthropy. Domtar Connects focuses on causes that reflect both who we are and what we make. Guided by our Community Investment Policy and grounded in our vision, mission and values, our contributions center around three key areas. *Education and Literacy: Domtar produces paper for books and learning materials, helping to foster education and literacy. *Humanitarian Needs: Our products support essential services and rebuilding efforts in times of crisis or natural disasters. *Sustainability and Environmental Stewardship: Our business is rooted in forest products, and we prioritize sustainability in our operations and in the communities we serve.
Back To Top
×Close search
Search