NPD group, owner of Bookscan in the US, announced a deal to be acquired by private equity firm Hellman & Friedman. The investor has over $80 billion under management, and recently raised a new $24.4 billion fund. NPD executive ehairman Tod Johnson and CEO Karyn Schoenbart will “retain a minority stake in the business and […]
Finance
OverDrive Acquires TeachingBooks.net
OverDrive Education has acquired TeachingBooks.net, which provides supplemental materials to K-12 schools “to enrich how a book is taught in the classroom,” currently licensed to over 55,000 schools and libraries around the world. The deal enhances the offerings of OverDrive’s Sora app, which provides ebooks and audiobooks to students. The terms of the deal were […]
Inkitt Raises $59 Million
Berlin-based Inkitt announced another big round of funding, raising $59 million in a Series B (on top of previous rounds that raised at least $21 million). Axel Springer was a co-lead in the new round, with Michael Lynton participating, along with further funding from Stefan von Holtzbrinck (HV Holtzbrinck Ventures participated earlier) among others. The […]
Wiley Acquires J&J Editorial
Wiley has acquired J&J Editorial Services, a scholarly publishing services company founded by Jennifer Deyton and Julie Nash in 2008. “Acquiring J&J Editorial underlines our promise to provide our partners with best-in-class solutions, from products and services to specialist expertise, creating more choice in the publishing ecosystem,” Wiley evp & general manager, research Jay Flynn […]
Politikens Expands Into Norway With Acquisition
Danish publisher JP/Politikens has acquired a 70 percent stake in Norwegian nonfiction publishers Kagge and J.M. Stenersens, which together comprise Norway’s fifth largest publishing group. Politikens says the acquisition “fulfills its ambition to create a significant Scandinavian publishing group with strong, independent publishers in Norway, Sweden, and Denmark.” They established Polaris in Sweden in 2017, and […]
Acquisitions: Rough Edges Press to Wolfpack
Wolfpack Publishing has acquired author James Reasoner’s Rough Edges Press. The line will become an imprint of Wolfpack, publishing new mysteries, thrillers, and crime fiction.