Gleiss Lutz, Herbert Smith and Stibbe, together with US law firm Morgan Lewis, have advised Pearson plc on the acquisition of Harcourt Assessment and Harcourt Education International from Reed Elsevier with a transaction volume of USD 950 million. The acquisition is still subject to clearance by the antitrust authorities.
Headquartered in London, the UK media group Pearson includes Pearson Education, the world's leading educational publisher, and The Financial Times Group. Harcourt Assessment, headquartered in Texas, USA, 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.
The Gleiss Lutz team was made up of: Dr. Andreas Wölfle (partner; lead) and Dr. Cornelia Topf, both corporate/M&A, Dr. Matthias Karl (partner) and Marcus Mayer, both antitrust, Dr. Doris-Maria Schuster (partner), employment, Dr. Andreas Neun and Gregor Kollmorgen, both public, Dr. Michael Marquardt (partner), Stefan Köhler and Dr. Johann Wagner, all tax, as well as Dr. Lutz Aye, IP.
The Herbert Smith and Stibbe teams were headed by James Palmer (partner, corporate/M&A) and Derk Lemstra (partner, corporate/M&A), respectively.
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