On the heels of last week’s announced debt restructure and new ownership at F+W Media, privately-held Thomas Nelson announced that an investor group led by Kohlberg & Company has purchased a majority stake in the publisher. Equity from the new investors “will significantly improve the company’s capital structure and eliminate the majority of its long-term debt.” Nelson had been taken private in 2006 with financing from private equity group InterMedia Partners VII in a deal valuing the company at approximately $473 million. At the time, as the Tennessean reminds us, the purchasers said they were financing approximately 60 percent of […]
