At Tin House, Nanci McCloskey has been promoted to associate publisher, director of marketing and sales. Masie Cochran becomes editorial director. At Little, Brown Jessica Chun has been promoted to marketing director; Shannon Hennessey to associate publicist; Alyssa Persons to senior publicist; Juliana Horbachevsky to assistant director of publicity for the Spark and Voracious imprints; Tracy Shaw to executive art director / Jimmy Patterson Books; and Kirin Diemont to junior designer, Little Brown trade art department. Lisa Quach has joined Simon & Schuster Children’s as marketing manager. She was most recently senior marketing coordinator at Big Honcho Media. At Random House Children’s […]
M&A
UK Publisher Haynes Announces Sale to Infopro Digital
UK car manual publisher Haynes will be acquired by Infopro Digital, its Netherlands-based competitor, in an all-cash deal valued at approximately £114.5 million. Founder and executive chairman of Infopro Digital Christophe Czajka said, “We are committed to working together to create a company that will continue to help define the future of automotive data.” Haynes’ board voted unanimously for the sale, which comes three months after the company announced a search for a buyer. Shareholders will vote on the deal at the next general meeting in March or April 2020. According to the board, almost 82 percent of shareholders have […]
Hachette Acquires Disney Book Group, Moves to Inform and Reassure Confused Authors and Agents
Hachette Book Group has acquired the Disney Book Group, comprising a catalog of over 1,000 titles, announced Thursday afternoon, and will publish those books as part of Little, Brown Children’s. The deal includes over 100 titles acquired but not yet published by Disney. A small number of titles that lend themselves to exploitation in multiple forms were retained by Disney and transferred out of the group to a different entity before the sale closed. Little, Brown Children’s publisher Megan Tingley said in an email to authors and agents that “as of February 1, 2020, the acquired titles are available on […]
Phaidon Acquires The Monacelli Press
Phaidon announced that it has acquired publisher of illustrated books on architecture, design, and the arts The Monacelli Press. The company was founded in 1994 by Gianfranco Monacelli and has a list of over 400 titles. The Monacelli Press will continue as a separate imprint, and the staff will relocate to Phaidon’s New York office. Previously, The Monacelli Press had been sold to Random House in 2008, and then bought back by Monacelli in 2011. Phaidon ceo Keith Fox said in the release, “The Monacelli Press’s portfolio is an exciting opportunity to accelerate our growth and expand into new categories […]
Springer Nature Hires Bankers For Another Try at An IPO
After pulling their IPO on the Frankfurt Stock Exchange at the last minute in 2018 on weak demand, Springer Nature’s owners are determined to try again, hoping that capital markets remain strong long enough for them to get to the finish line this time. Co-owners BC Partners and Holtzbrinck are reported to be working with Goldman Sachs and Morgan Stanley as lead bookrunners (Morgan Stanley led the previous effort as well), “which could take place as early as May or June” according to Reuters’ sources. One of those sources insists that “leverage has come down significantly, making it a much […]
Wiley Buys Tech Training and Placement Firm mthree for $129 Million
Wiley announced Monday that it acquired UK-based education services provider mthree for $129 million (£98 million) in cash on January 1. mthree finds, trains and places technology talent. The company expects to record 2019 sales of over $50 million, which would reflect annual growth of 20 percent. Wiley ceo Brian Napack says in the announcement, “Wiley is committed to bridging the gap between education output and industry need. The acquisition of mthree advances Wiley’s leadership in powering the high-demand, high-potential careers that are fueling the global knowledge economy. CEO Alex Headley and his team have built a great company with […]