September 27, 2021
Willkie represented Insight Partners and its portfolio company Achieve3000 in Achieve3000’s sale to McGraw Hill; Willkie also served as financing counsel to Platinum Equity and McGraw Hill.
McGraw Hill announced that it has entered into a definitive agreement to acquire Achieve3000, a recognized leader in differentiated instruction and learning acceleration for PreK-12 students in all 50 states and 49 countries.
Based in Red Bank, NJ and founded more than 20 years ago, Achieve3000 delivers a comprehensive learning platform that significantly accelerates and deepens learning in literacy, math, science, social studies, and English Language Arts. Teachers in every subject and all 50 states use Achieve3000's solutions increase engagement and accelerate learning in their classes.
Insight Partners is a leading global private equity and venture capital firm investing in high-growth technology and software companies. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.
McGraw Hill is a learning science company that delivers personalized learning experiences that drive results for students, parents, educators and professionals. Headquartered in New York City, McGraw Hill has offices across North America, Asia, Australia, Europe, the Middle East and South America, and makes its learning solutions for PreK–12, higher education, professionals and others available in more than 80 languages. McGraw Hill is a portfolio company of Platinum Equity. Achieve3000 is McGraw Hill's first add-on acquisition since Platinum Equity acquired the company in July 2021.
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world.
The Willkie team representing Insight and Achieve3000 in Achieve3000’s sale to McGraw Hill was led by partners Morgan Elwyn, Sarah Wong and Erin Kinney.
The Willkie team serving as financing counsel to Platinum Equity and McGraw Hill was led by partners Cristopher Greer, Joshua Deason and Jason Pearl.
