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Apax, OMERS to acquire Thomson Learning higher education assets for $7.75bn14/05/2007. Source: AltAssets. 
 Apax Partners and OMERS Capital Partners have agreed to acquire the higher education, career learning and library reference assets of Thomson Learning and Nelson Canada from The Thomson Corporation for a combined total value of approximately $7.75bn.
The higher education, career learning and library reference assets include Wadsworth, Delmar Learning, Gale, Heinle, Brooks/Cole and South-Western.
Nelson Canada is a provider of books and online resources for the educational market in Canada It will be majority-owned by OMERS.
Jackie Reses, partner at Apax, said, 'We are extremely excited to acquire these unique, global media properties, which have achieved strong positions in their respective markets and have delivered stable and predictable growth. Furthermore, we believe these franchises are supported by healthy underlying market dynamics. We look forward to extending the competitive positions of these businesses during the course of our ownership.'
Christian Stahl, partner at Apax, added, 'This investment deepens Apax's global focus on the media industry, where we have established a strong track record over the past decade.'
With approximately $30bn under management, Apax focuses on its five key industry sectors: media, technology/telecom, retail/consumer, healthcare and business/financial services.
OMERS Capital Partners manages OMERS's private equity portfolio. OMERS is a multi-employer pension plan and a large asset management entities in Canada.
Thomson is currently trying to buy financial data and news provider Reuters.
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