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Finance

Acquisitions: University of Georgia Press Buys NewSouth Books

May 12, 2022
By Michael Cader

The University of Georgia Press announced its acquisition of NewSouth Books, founded in 2000 and based in Montgomery, Alabama, with a catalog of over 400 titles. Publisher Suzanne La Rosa will join UGA Press on July 1 and continue to publish 8-12 new titles annually under the NewSouth imprint. Editor-in-chief Randall Williams will continue to […]

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Qatar Will Retain Lagardere Stock

May 9, 2022
By Michael Cader

Qatar Holding, a longtime major shareholder in Lagardere, announced over the weekend that it will not tender it shares to Vivendi, meaning it will hold on to its stock. The investment authority was given a board seat last year. They note in the press release, “Qatar Holding LLC may consider acquiring or selling Lagardère S.A. […]

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CCC Acquires Ringgold

May 4, 2022
By Katy Hershberger

The Copyright Clearance Center has acquired Ringgold, which provides persistent identifiers (PIDs)–metadata that is unique to a person, organization, article, etc, particularly used in scholarly communications. The terms of the deal were not announced. “Globally unique PIDs are essential for creating connections between articles, researchers, institutions, and funders,” CCC president and ceo Tracey Armstrong said. […]

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Lau Builds Ever-Bigger Quarto Stake

April 28, 2022
By Michael Cader

As we have reported regularly, Quarto Group’s controlling owner CK Lau continues to steadily buy up more shares in the publishing company, with a steady stream of purchases throughout April. With the latest filing, Lau’s company 1010 Printing Limited now owns over 50 percent of publisher’s stock, with nearly 20.5 million shares. (Lau owns a […]

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M&A: Sterling Acquires Knock Knock

April 11, 2022
By Katy Hershberger

Sterling Publishing has acquired gift company Knock Knock, which includes the brand Em & Friends. Knock Knock will be overseen by Union Square & Co. publisher and cco Emily Meehan, “with the operations and distribution of Knock Knock titles remaining business as usual,” according to a release. Knock Knock founder and ceo Jen Bilik and […]

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Finance: HMH Sale Closes, Quarto Owner Keeps Buying, NPD to Merge with IRI

April 7, 2022
By Michael Cader

Private equity firm Veritas Capital formally completed their purchase of Houghton Mifflin Harcourt, valuing the shares at roughly $2.8 billion. Now a private company again, the shares no longer trade on the NASDAQ. CEO and managing partner of Veritas Ramzi Musallam says in the release: “This acquisition underscores Veritas’ commitment to investing in businesses that […]

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