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Educational/Reference Publishing Transactions See Slight FallThe total number of deals and dollar volume in the educational/reference publishing marketplace were both about ten percent below last year's totals according to a report from mergers and acquisitions firm Whitestone Communications. The number of deals dropped from 41 to 37 and dollar volume declined from $1.35 billion to $1.2 billion. "The education portion of the education/reference market suffered from state budget constraints and the impact of federal legislation," noted Whitestone Communications Associate Managing Director Susan Isserman. "The hot area in education was publishing that helps students succeed on the standardized tests that are now used to determine government funding. In the reference area, we have fewer companies available for acquisition due to consistent and active consolidation." A summary of last year's deals includes: -School Specialty's acquisition of Delta Education from the Wicks Group for $272 million -The Wick Group's acquisition of EMC Paradigm for $44 million -Pearson Education's acquisition of American Guidance Service from WRC Media for $270 million -Reed Elsevier's acquisition of MediMedia MAP for $340 million Questions, ideas, or in need of more information? Please contact Stacey Pusey at 302-295-8349. |
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