Connect Group announced an agreement to sell their books division to Australian private equity firm Aurelius for £10.6 million, with up to another £1.05 later based on various contingencies. The unit comprises UK wholesaler Bertram Books, Bertram Library Services, online bookseller Wordery, and academic supplier Dawson Books, plus subsidiaries including Erasmus and Houtschild in the Netherlands and France. Managing director Justin Adams and his management team will stay with the division following the sale. Adams said in a statement, “In Aurelius I believe we have found an owner that has the financial and operational capabilities to help us on our journey to build […]
