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January 23, 2026
Milbank Advises Veritas Capital-backed Houghton Mifflin Harcourt on Acquisition of NWEA

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- Milbank LLP is advising Houghton Mifflin Harcourt (HMH), backed by Veritas Capital, in its acquisition of NWEA, a research-based organization specializing in academic assessments
- After the transaction closes, NWEA will operate as a division of HMH, maintaining its current offerings, including MAP Growth, under the NWEA brand
- NWEA's assessment solutions will be integrated with HMH's curriculum, and the NWEA name and products will continue as part of HMH.
Milbank LLP is advising Veritas Capital-backed Houghton Mifflin Harcourt (âHMHâ), an education technology company, in the acquisition of NWEA, a research-based organization that creates academic assessments for students. Upon closing, NWEA will operate as a division of HMH, with its current offerings, including its flagship assessment â MAP Growth â remaining under the NWEA brand. NWEA assessment solutions will be integrated with HMH curriculum on HMHâs platform to create a combined offering that links interim assessment to instruction. Following the close of the agreement, the NWEA name, brand and assessment and learning solutions will continue as part of HMH. The Milbank deal team was led by Global Corporate partners Richard Presutti and Lowell Dyer along with associate Douglas Howell, Global Capital Markets partner Antonio Diaz-Albertini and associate Christina Chaplygina, Executive Compensation partners Mike Shah and James Beebe and Tax partner Max Goodman.
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