Folio Literary Management has acquired The Greenhouse Literary Agency from Coolabi Group. Greenhouse staff, full client list, and backlist will move to Folio. Greenhouse director Chelsea Eberly will become vice president and Folio Jr., and will join with her associate, Huyen Vu. “We’re so excited to welcome Chelsea, Huyen, and Greenhouse’s wonderful community of children’s authors and illustrators to Folio Jr,” Folio partner Emily van Beek said in a release. “Greenhouse has built an extraordinary legacy grounded in care, collaboration, and creative excellence, and we’re honored to carry that work forward while offering even more support and opportunity for these creators […]
M&A
Globe Pequot Acquires Lake Isle Press
Globe Pequot Publishing Group has acquired independent cookbook publisher Lake Isle Press. The terms of the deal were not disclosed. Lake Isle will be distributed by Simon & Schuster, along with the rest of Globe Pequot. “Lake Isle’s acclaimed cookbooks—known for showcasing diverse culinary traditions—are a natural complement to the strong food and cooking list we’ve built at Lyons Press and Globe Pequot,” Globe Pequot president Bob Marsh said in a release. “The acquisition reflects our continued commitment to expanding in these key categories.” “I’m delighted that Lake Isle has found a home with Globe Pequot,” Lake Isle Press president […]
Harper Christian Acquires DaySpring Book and Bible Assets
Harper Christian has acquired the book and Bible publishing business from DaySpring Cards, Inc., which is owned by Hallmark, for an undisclosed sum. According to a release, the acquisition includes approximately 350 backlist titles, including children’s books, Bibles, gift books, journals, puzzle books, and more, which will continue to publish under the DaySpring name. Hallmark will continue to operate the DaySpring greeting card business. DaySprint acquisitions editor Katie Matzenbacher, editor Daniela Howard, and senior production manager Juanita Groomer will join Harper Christian to work on the line. “This strategic acquisition allows us to develop new products and further expand our […]
2025: The Year In Mergers
For the second year in a row, merger activity in book publishing was quite modest. Not only were there no blockbuster deals, there were very few acquisitions of any significant scale at all. Unfortunately, the year was more notable for business closures–particularly the winding down of Baker & Taylor and the bankruptcy sale of Diamond Comics, both of which had widespread impact. Authors were left with unpaid royalties from a series of publisher failures that included one-time fast growing companies such as Mango and Unbound. At least Baker & Taylor Publisher Services found a new home within Lakeside Book Company, […]
Chernin Group Invests in Entangled, Valued At $400 Million, to Expand IP
Investment firm The Chernin Group has purchased a minority stake in Entangled. Entangled co-founder and ceo Liz Pelletier retains majority ownership and “maintain[s] full creative control,” a release states. The deal values Entangled at approximately $400 million, sources tell the WSJ. That puts Entangled in league with Sourcebooks for helping to break long-established precedents on cracking the highest echelons of trade publishing. (And the two are joined by the smaller Zando as a trio of independently run, female-led publishers growing at high rates.) A release states that the partnership will allow Entangled’s IP “to expand into global multimedia franchises spanning […]
David Higham Associates Acquires The Bent Agency UK
David Higham Associates has acquired The Bent Agency UK Ltd. Molly Ker Hawn joins DHA as a director. Also moving over are rights manager Emma Lagarde, agent Martha Perotto-Wills, and assistant Aminah Amjad are also joining. Ker Hawn launched the UK arm of the Bent Agency in 2012. Children’s agent and director Caroline Walsh is retiring from DHA after nearly 30 years at the agency, and Isobel Boston has also been appointed children’s book agent. Most recently, she was commissioning editor at Walker Books. She will also take on responsibility for some of David Higham’s children’s literary estates. DHA managing […]