The Perseus Books Group announced Wednesday afternoon that “it has initiated a formal process to explore a potential sale of the business” and has retained Gregory Miller at Greenhill & Co. (Miller represented Scholastic in the recent sale of their education business.) PBG CEO David Steinberger says in the announcement, “We have received multiple inquiries from parties expressing significant interest in the company.” He added, “The Perseus Books board has determined that it is our fiduciary responsibility to explore a potential sale transaction.” As we noted when Centre Lane Partners took control of parent company Perseus LLC early in the year at […]
