McGraw-Hill Education Eyes IPO in Q4 2015

MCGRAW-HILL EDUCATION: Reuters reports that McGraw-Hill Education is eyeing an IPO that could value the textbook publisher at $5 billion. The company was split off (from McGraw-Hill Financial) and acquired by Apollo Global Management for $2.4 billion in 2013. Since then it acquired a slew of companies, including ALEKS and Engrade, to amp up its digital offerings that saw double-digit subscriber growth last year. The company reported $1.3 billion in revenues and $369 million in earnings in 2014.

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