US group buys school publisher bought out
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.