Bound for success? PE publishing exits on the rise
March 03, 2016
Centre Lane Partners has entered an agreement to sell Perseus Books Group's publishing business to Hachette Book Group, the trade publishing giant that has signed the likes of J.K. Rowling, James Patterson and Nicholas Sparks.
Indeed, buy-side eagerness within the publishing sector appears to have picked up in recent years, according the PitchBook Platform. And the appetite to grow by acquisition may be especially relevant within the industry, which has seen established publishing houses fight for market share with newer competitors bolstered by the rise of ebooks.