Thomson’s Career and Education Business Goes for $7.75 billion.
The Thomson Corp. assets being sold include the brands and businesses of Wadsworth, Delmar Learning, Gale, Heinle, Brooks/Cole and South-Western.
By Mark Larson Comments 0 | Recommend 0
Sold: The Thomson Corp. has agreed to sell the careers, higher education and
library reference assets of its Thomson Learning to funds advised by Apax
Partners and OMERS Capital Partners for $7.75 billion in cash. The assets being
sold include the brands and businesses of Wadsworth, Delmar Learning, Gale,
Heinle, Brooks/Cole and South-Western. Part of the deal includes the acquisition
of Nelson Canada, an online provider of educational resources in Canada, by
OMERS.
The sale of Stamford, Connecticut.-based Thomson’s education assets is a
strategy to better align itself with its business model and growth plans. In
October, Thomson formally put its learning businesses up for sale. This
transaction is expected to close in the third quarter, pending regulatory
approvals and fulfillment of closing conditions.
Mark Larson is a freelance writer based in Sacramento. E-mail editors@workforce.com to comment.
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