DK has acquired UK-based digital publisher Canelo, founded by Iain Millar, Michael Bhaskar and Nick Barreto in 2015. The company says the acquisition is part of a plan “to broaden its publishing scope, adding Canelo’s thriving fiction lines to its world-renowned illustrated, non-fiction and children’s fiction titles.” DK ceo Paul Kelly said, “This partnership is a strategic evolution for DK, integrating Canelo’s renowned author-first approach and proven genre expertise with our global platform. Together, we’ll engage new readers and support talented authors by creating compelling, accessible fiction and non-fiction with a reach that spans DK’s global distribution networks. We see […]
M&A
Minority Investor to Become Sole Owner of Germany’s Suhrkamp
German businessman Dirk Möhrle will become the sole owner of 100-year-old publisher Suhrkamp on November 1, increasing the minority 39 percent stake in the company he has held since 2015, buying out the Siegfried and Ulla Unseld Family Foundation and the Ströher family. Jonathan Landgrebe’s position will “remain unaffected by these changes.” He writes: “I continue to take great pleasure in assuming the responsibilities that go along with the rich traditions of this publishing house. And I am happy to say that in Dirk Möhrle, we have someone by our side who has already proven himself to be a reliable, […]
Perfect Bound Technologies Acquires PubMatch
Perfect Bound Technologies has bought rights and licensing marketplace PubMatch. Publishers using Perfect Bound will now be able to access to PubMatch’s network of rights professionals. The acquisition will also aid management of metadata, sales, files, contracts and royalty accounting. The companies expect the integration of PubMatch to be finished by Q4 of 2024. Chris Yeung, president and cto of Perfect Bound, said, “By integrating PubMatch’s rights management features with our existing platform, we aim to provide publishers with an even more comprehensive solution that covers every aspect of the publishing process, from manuscript to market.”
Lerner Publishing Group Acquires Sundance Newbridge
Lerner Publishing Group has acquired Sundance Newbridge from Globe Pequot. The acquisition includes 3,600 titles, plus educational kits, and more. Sundance Newbridge will operate as a division of Lerner Publishing and its 14 employees will make the move along with the company. Paul Konowitch, president of Sundance Newbridge, will retire. The sale comes shortly after Globe Pequot’s owners sold the Rowman & Littlefield academic publishing business to Bloomsbury for $83 million. R&L acquired Sundance Newbridge from Haights Cross Communications in 2008. The company will continue to operate out of its Massachusetts office. Globe Pequot will continue to handle distribution through […]
S&S Australia to Acquire Affirm Press
Simon & Schuster Australia has an agreement to acquire Australian independent publisher Affirm Press. In conjunction with Affirm, S&S plans to grow their local publishing publishing program and expand further into children’s. Affirm will maintain its brand independence, operating as a subsidiary of Simon & Schuster Australia. Employees will be able to enroll in S&S’s ownership program. The deal is “subject to customary closing conditions.” “We are immensely proud to have built Affirm Press to the company it is today,” said Affirm Press ceo and publishing director Martin Hughes in a release, “And excited at the opportunity to become part […]
Acquisitions: Mare Nostrum Group Buys Eurospan
Mare Nostrum Group has acquired academic sales and distribution company Eurospan, including all asset and businesses, in a deal that will close August 14. Eurospan’s parent United Independent Distributors went into bankruptcy administration on July 24. Mare Nostrum Group’s distribution partner, Wiley, will take on the Eurospan client inventory in their facility in Bognor Regis. Wiley will also offer print-on-demand options to the group’s clients. Managing Director of Mare Nostrum Group David Pickering, said, “We are delighted to be able to offer the Eurospan team and their publisher clients a home at Mare Nostrum Group. In the past we have […]