Pearson Government Solutions to be sold for $600M bizjournals.com via Yahoo! Finance
Pearson Government Solutions is being sold to a private equity firm for $600 million.
Pearson sells services unit CNN.com
LONDON, England (Reuters) -- Pearson has agreed to sell its government services business, Pearson Government Solutions, to U.S. private equity firm Veritas Capital, as part of the publishing group's bid to focus on its education unit.
Equity Fund Buys Pearson's Govt Unit in $600m Deal ComputerWire via Yahoo!7 News
Private equity group Veritas Capital has bought Pearson Government Solutions, the public sector services business of global media firm Pearson Plc, in a $600m action. The deal is another sign of the growing interest of cash-rich equity funds in the services market, particularly the government sector.
Veritas Capital to acquire Pearson Government Solutions The Iowa City Press-Citizen
Veritas Capital Partners, a leading private equity firm, announced Monday that it has agreed to acquire Arling-ton, Va.-based Pearson Government Solutions from Pearson plc, the international media and education company.
Pearson shares buoyed by $660m disposal FT.com via Yahoo! UK & Ireland Finance
Pearson, the UK media group that owns the Financial Times, on Monday said it had agreed to sell its Government Solutions arm to Veritas Capital, the private equity group, as it moves to strengthen its education and information businesses.
Equity firm Veritas Capital picks up Pearson's Government Solutions biz for $600M EARTHtimes.org
WASHINGTON: New York-based equity firm Veritas Capital signed a $600 million deal with media and education company Pearson to acquire its government services business. The price includes about $40 million in preferred stock. Pearsons will also be allowed to retain a 10 percent stake.
STOCKWATCH Pearson up on unit sale; Panmure Gordon says deal looks sensible Sharewatch
At 10.30 am, shares in Pearson were 12 pence firmer at 773. Earlier, the media and education company said it has agreed to sell the unit to New York-based private equity firm Veritas Capital for 560 mln usd in cash, 40 mln usd in preferred stock and 10 pct of the equity of the business.
Pearson sells Government Solutions for 600 million dollars AFP via Yahoo! News
Publisher Pearson said on it has agreed to sell its government services business to New York-based private equity firm Veritas Capital for 600 million dollars.
Veritas Capital to Acquire Pearson Government Solutions PR Newswire via Yahoo! Finance
Veritas Capital Partners, a leading private equity firm, today announced that it has agreed to acquire Arlington, VA-based Pearson Government Solutions from Pearson plc, the international media and education company.
Pearson sells Government Solutions unit GazetteOnline
Pearson PLC said Monday it has sold its Pearson Government Solutions unit to Veritas Capital in a leveraged buyout for $560 million in cash plus a 10 percent continuing equity stake.
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