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Equity group joins race for Thomson Learning

27.03.07

Bain Capital, Blackstone Group and Thomas H Lee Partners, the former private equity owners of Houghton Mifflin, are bidding for Thomson Corp's text book publishing unit, sources close to the process said on Monday, according to Reuters, in a deal that could be worth around $5bn.

German media giant Bertelsmann is considering teaming up with that bidding group, according to a separate source. Reuters reported last week that Bertelsmann was mulling an offer with private equity for the unit, but did not identify the firms. Apax Partners and Warburg Pincus are also involved in the auction, sources said.

Last week, it was reported that Dutch group Wolters Kluwer had agreed to sell its education division to international private equity group Bridgepoint Capital for over Euro750m.


Reuters

Financial education Thomson Learning

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