Eigentümerkonsortium um Verlegerfamilie Herder übernimmt die Mehrheitsbeteiligung an Thalia von Advent International – IEG als exklusiver Financial Advisor für die Käufer
An investor consortium, led by the reputable publisher family Herder, acquires the market leading Thalia bookstore chain from a joint holding company of Advent International and the Kreke family. The latter purchased Thalia in 2012 as part of the Douglas Holding AG. The Kreke family will remain invested in Thalia as a minority shareholder and increase its share significantly to 35 percent.
Under the previous shareholders Thalia has become the leading cross-channel bookseller and is, in terms of revenue, the top ranking retail bookselling company in the German-speaking region. The new majority owners will bring in complementary competences to continue the ongoing growth strategy.
In times of a significant paradigm shift where digitalization has changed the book and the publishing industry, digital expertise plays an important role. This know-how will be brought in by the digital entrepreneur and new co-owner Dr Leif Göritz in his new role as Chairman of the supervisory board. Göritz states: ”Together with the long-term CEO Michael Busch, it is our vision to make “Thalia” synonymous with “Lesekultur” (reading culture) in the digital age.”
Michael Busch, CEO of Thalia and new co-owner, says: “After several successful years of significant and necessary change as well as close and trustful cooperation with Advent International and the Kreke family as our owners, we now open a new chapter. We look forward to working with our new majority shareholders and guide Thalia into its next phase of development.”
IEG – Investment Banking Group has acted as exclusive buy-side and acquisition finance advisor to the buyers.