After S&P’s U.S. Debt Downgrade, Standard & Poor’s parent, McGraw-Hill, Hiring Evercore Partners to Explore M&A Options for Education Unit

As reported by Oliver Staley and Zachary R. Mider from Bloomberg, McGraw-Hill Cos., the owner of Standard & Poor’s, hired Evercore Partners Inc. (EVR) to advise on a possible separation of its education unit, the company’s largest by revenue, people with knowledge of the move said today.

Evercore was hired in March to review whether a separation of its education business makes sense, and if so, whether it should be sold, spun off or offered in an initial share sale, said one of the people, who declined to be named because the discussions haven’t been made public.

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