McGraw Hill Education is a leading provider of education courseware for higher education, K-12, international, and professional end markets.
Founded in 1888 and headquartered in New York, McGraw provides outcome-focused learning solutions to millions of students globally, delivering both curated content and digital learning tools and platforms to the classrooms of approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th-grade school districts, and a wide variety of academic institutions, professionals, and companies. Its products are distributed in more than 100 countries across the Americas, Asia-Pacific, Europe, India, and the Middle East.
Insight & Approach
For over 130 years, McGraw has been a trusted brand delivering best-in-class content to the education sector. Over the past several years, McGraw has embarked on a transition from a traditional print publisher to a leading educational technology company, delivering the vast majority of its content in digital form. In 2018, Vector’s credit team had begun uncovering opportunities in the EdTech sector, which led to an investment in McGraw’s debt in 2019 and again in 2020 during the COVID-driven downturn. In October 2021, after Platinum Equity announced an acquisition of McGraw, Vector was brought in as a value-added co-investment partner to Platinum, given Vector’s nearly 25-year track record of investing in and transforming software and technology companies.
Vector Value Add
As a technology investor, Vector brings software and product expertise to McGraw and is actively supporting the company through its digital transformation. Vector is collaborating with McGraw’s management team to transform its R&D organization, make operational enhancements to increase efficiency and financial margins, and evaluate M&A opportunities.