DealReporter (which we are reminded is not always on the money with their speculative stories) says in a piece carried on FT.com that privately-held Follett “is in the midst of a sale process,” according to two bankers. Their sources say that Credit Suisse has been retained to advised the company, in which the Follett family still has “significant ownership,” and “the company plans to hold management presentations at the end of July with potential suitors.” (DR is a little confused about Follett’s business, thinking that they are a publisher.) Follett’s site says they have over $2.7 billion in sales annually, […]
