Supplementing yesterday’s The Year In Mergers, Acquisitions and Finance, this year saw a number of literary agency mergers — along with some significant movement by well-known agents, and even a few marquee authors. So here is a round-up. Many of the year’s notable mergers and acquisitions among literary agencies, as well as new agency launches, happened in the UK: [Acquirer/Seller or merged properties] Curtis Brown UK > Ed Victor Ltd (Following the death of Ed Victor in June) Later in the year, Charlie Brotherstone, who had been at Ed Victor Ltd., opened his own agency, Brotherstone Creative Management. And the Raymond […]
Year End
2017: The Year In Mergers, Acquisitions and Finance
Anyone who thinks it was a quiet year for publishing mergers, acquisitions and finance doesn’t understand what happened very well. It was in fact both an active and fascinating year. First and foremost, 2017 saw one of the biggest trade publishing deals ever. We’re talking about the transaction hiding in plain sight, in which Bertelsmann acquired an additional 22 percent of Penguin Random House from Pearson, for actual cash. Remember that when Random House and Penguin merged in July 2013, it was a mammoth “deal” in that it created the world’s largest trade publishing company, but no money actually changed […]