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Thomson (TOC Quote) agreed to sell its higher-education assets to funds advised by Apax Partners and Omers Capital Partners for $7.75 billion in cash.
The deal includes educational, career-related and library reference books under brands such as Wadsworth, Gale and Delmar Learning. Thomson also will sell Nelson Canada, a provider of books and online resources for the educational market in Canada.
Thomson has been seeking a buyer for its Thomson Learning division since October. Aside from the higher-education assets, the division includes NETg, a corporate training business, and Prometric, an assessment-services provider. ...
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