Lagardere Gets Hodder Lagardere has indeed made the winning bid for Hodder Headline, paying $406.4 million (which includes the assumption of about $24 million in debt). The unit is Britain’s fourth largest trade publisher, and its second-largest educational publisher. With 2003 sales of $263 million, the multiple is about 1.5 times sales. Over half of the sale proceeds will be added to parent company WH Smith’s undercapitalized pension fund. Bloomberg story Also in the UK Profile Books celebrated a banner year, driven by EATS, SHOOTS & LEAVES, in which sales more than doubled to over $9 million. And Curtis Brown […]
