- The most notable events for our portfolio over the past quarter were related to our investment in Houghton Mifflin.
- It was announced that private equity firm Veritas Capital planned to buy HMHC through a tender offer for $21.00 per share.
- I am quite confident that the private equity buyer will ultimately make billions of dollars by combining HMHC with another of their portfolio companies, Cambium Learning, and eventually taking the combined business public once again.
For further details see:
Laughing Water Capital - Houghton Mifflin: The Most Notable On Our Portfolio