Veritas Capital completed the acquisition of Houghton Mifflin Harcourt for $2.8bn.

Veritas Capital, a private equity firm, completed the acquisition of Houghton Mifflin Harcourt, a learning technology company, for $2.8bn. "Partnering with Veritas will provide HMH with the opportunity to accelerate our momentum and increase our impact on the four million teachers and 50m students that we support each day. With accelerating billings growth, strong free cash flow and a transformed cost structure, we are at an important inflection point, and the time is right to move into the next phase of our long-term growth strategy alongside a partner that brings significant industry expertise," Jack Lynch, HMH President and CEO.