Pearson Sells U.S. Textbook Business

Posted on 2/18/2019 by Jim Pickerell | Printable Version | Comments (0)

Pearson has sold its U.S. schools course materials business to the private equity groups Nexus Capital Management LP for $250 million. Nexus will pay an initial $25 million and a further $225 million by way of a vendor note due in the next three to five years for the business, which provides textbooks and resources for students from kindergarten to 12th grade.

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