Bloomsbury announced the acquisition of Head of Zeus, founded nine years ago by Anthony Cheetham, for £8.45 million. They paid £5.5 million in cash, with another £1.1 million payable post completion, “subject to working capital and other considerations,” and up to £0.75 million in deferred, contingent consideration. They also paid off loans of £1.1 million. In 2020, Head of Zeus had sales of £8.6 million and profit before tax of £0.3 million. Head of Zeus will operate as an independent imprint in Bloomsbury’s consumer division. Bloomsbury ceo Nigel Newton says in the announcement, “Bloomsbury will be able to provide the […]
