Sunday 17 November 2019

US group buys school publisher bought out

Microsoft Ireland announced details of its partnership with CJ Fallon, Ireland's leading educational publisher, through the Microsoft Windows Azure Programme to deliver school books via the cloud.
Microsoft Ireland announced details of its partnership with CJ Fallon, Ireland's leading educational publisher, through the Microsoft Windows Azure Programme to deliver school books via the cloud.

Private equity group Levine Leichtman Capital Partners has acquired Dublin based education publisher CJ Fallon in what is understood to be a multi-million euro deal.

The US firm partnered with the management of CJ Fallon to complete the deal.

CJ Fallon was previously acquired by another private equity firm, UK-based Lonsdale Capital Partners, in 2013.

CJ Fallon was established in 1927 and produces a range of educational products including textbooks, workbooks and study guides.

CEO Brian Gilsenan said: "We are very excited to be partnering with Levine Leichtman, given the significant knowledge and education-related experience that they bring to our company."

The lending for the deal was provided by Ulster Bank and the vendors were advised by BDO Corporate Finance.

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