Milbank LLP is advising Veritas Capital-backed Houghton Mifflin Harcourt (“HMH”), an education technology company, in the acquisition of NWEA, a research-based organization that creates academic assessments for students.
Upon closing, NWEA will operate as a division of HMH, with its current offerings, including its flagship assessment – MAP Growth – remaining under the NWEA brand. NWEA assessment solutions will be integrated with HMH curriculum on HMH’s platform to create a combined offering that links interim assessment to instruction.
Following the close of the agreement, the NWEA name, brand and assessment and learning solutions will continue as part of HMH.
The Milbank deal team was led by Global Corporate partners Richard Presutti and Lowell Dyer along with associate Douglas Howell, Global Capital Markets partner Antonio Diaz-Albertini and associate Christina Chaplygina, Executive Compensation partners Mike Shah and James Beebe and Tax partner Max Goodman.
