Charlesbridge Publishing has acquired Move Books, a children’s imprint with a “mission to move more boys to read with high-interest middle-grade fiction.” The deal includes Move backlist titles, which will be distributed under Charlesbridge starting April 2023. Going forward, the company will launch Move founder Eileen Robinson joined Charlesbridge in October as editorial director of […]
M&A
Storytel Gets Breathing Room With Capital Raise that Includes Otava As New Shareholder
Storytel has given itself a significant financial lift with a new share issue that raises approximately 400 million SEK (about $37 million) from its two largest shareholders — EQT Public Investment and Roxette Photo — while also bringing in Finnish media company and book publisher Otava as an investor. (In a separate announcement, Otava says […]
PRH Acquires Remaining Stake in PRH Grupo Editorial Portugal
Penguin Random House Grupo Editorial announced Friday it has agreed to purchase the remaining minority stake of 15.6% of PRH Grupo Editorial Portugal from Manuel de Freitas and his family. De Freitas had retained that share when selling the 20|20 Editora group to PRH in 2021. With that transaction, de Freitas leaves the company, where he […]
Imprints: Erewhon, Golden Notebook
Kensington Publishing has acquired sci-fi/fantasy publisher Erewhon Books, which will continue as an imprint of Kensington. Publisher Sarah Guan and her team will stay with the line. (Co-founder Liz Gorinsky left Erewhon in March.) Having recently moved distributed to PGW from Workman, Erewhon’s titles will be taken over by Kensington’s distributor Penguin Random House Publisher […]
Acquisitions: Harper Focus Buys Cider Mill Press
HarperCollins Focus has acquired Cider Mill Press, a publisher of gift books specializing in “cookbooks, elegant wine and spirits projects, humor books, and children’s classics.” Cider Mill Press and children’s imprint Applesauce Press will become imprints under HarperCollins Focus. Cider Mill founder John Whalen Jr. will continue on with the company. John Whalen III joins […]
Gibbs Smith Employees Purchase Second Half of Company
Independent publisher Gibbs Smith is now entirely employee-owned, after workers finalized a deal to purchase the second half of the company on August 31. In 2015, cofounders the late Gibbs and Catherine Smith sold half of the company to employees, and in the new deal the company’s employees purchased Catherine Smith’s 50 percent share via […]