College bookstore operator Follett Higher Education (and parent corporate entity Follett Corporation) has been sold to a group of private investors led by Jefferson River Capital, a private investment firm that is the family office of Tony James, recently retired executive vice chairman of Blackstone. Terms of the deal were not announced. Just as reported last August, the entirety of Follett has now been sold, with Morgan Stanley as financial advisor. In September 2021, Follett School Solutions was sold to Francisco Partners. The company said they would close the Follett Book Fairs, which were recently sold to Literati instead. Then in November, […]
