Pearson completes C$950 million acquisition of Harcourt Assessment

Date Closed: 1/30/2008

Value: C$950 million

On January 30, 2008, Pearson plc, the international education and information company, completed the acquisition of the Harcourt Assessment and Harcourt Education International businesses from Reed Elsevier for a total cash consideration of $950 million.

Pearson is the global leader in educational publishing, assessment, information and services and its other primary businesses include the Financial Times Group and the Penguin Group. Harcourt Assessment, headquartered in San Antonio, Texas, is a leader in testing and performance measurement services for educational and clinical use. Harcourt Education International, headquartered in Oxford, UK, is a leading publisher of educational materials in international markets, including the UK, South Africa, Botswana, Australia and New Zealand. Reed Elsevier is a leading provider of global information driven services and solutions.

Pearson was represented in Canada by BLG with a team that included Paul Mingay (corporate), Adam Fanaki (competition and Investment Canada), Larissa Tkachenko (tax), Mike Fitzgibbon (employment), Sonia Mak (pensions/benefits) and Shaunik Katyal (corporate).