Riverdeep's Acquisition of Houghton Mifflin
On 22 December 2006, it was announced that Riverdeep PLC had completed its acquisition of Houghton Mifflin. The new joint enterprise would be called the Houghton Mifflin Riverdeep Group plc, a company based in Ireland. Riverdeep paid $1.75 billion in cash for the equity owned the private investment firms Thomas H. Lee Partners, Bain Capital and The Blackstone Group and assumed $1.61 billion in debt. Tony Lucki, a former non-executive director of Riverdeep, remained in his position as Houghton Mifflin's chief executive officer.
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