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Irish publisher acquired by US private equity firm

Levine Leichtman Capital partners (LLCP), a US based private equity firm, has acquired Irish publ...
Newstalk
Newstalk

16.07 25 Mar 2015


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Irish publisher acquired by US...

Irish publisher acquired by US private equity firm

Newstalk
Newstalk

16.07 25 Mar 2015


Share this article


Levine Leichtman Capital partners (LLCP), a US based private equity firm, has acquired Irish publisher CJ Fallon.

Currently no sum has been mentioned in relation to the deal.

Brian Gilsenan, CJ Fallon's Chief Executive Officer, commented, "We are very excited to be partnering with Levine Leichtman, given the significant knowledge and education-related experience that they bring to our company. This provides my team with strong confidence that we have chosen the right partner to support our continued growth."

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Lauren Leichtman, Co-Founder and CEO of LLCP said, "CJ Fallon is a leading player in the Irish education market with a long track record of delivering high quality educational content for students and teachers. We are excited to partner with Brian Gilsenan (CEO) and his team for our first investment out of our European fund, and look forward to the continued success of the business."

LLCP, The Los Angeles based private investment firm, has managed approximately $7.0 billion of institutional capital since its inception. The acquisition of CJ Fallon is the first investment from Leichtman Capital Partners Europe, a $100m private equity fund dedicated to investing in Europe.

Founded in 1927, CJ Fallon is one of the leading providers of texts to primary and secondary schools in Ireland, offering over 900 titles and covering 20 different subjects.

Lonsdale Capital Partners, based in the UK and at the time led by two Irish financiers, acquired CJ Fallon in July of 2013.

Ulster Bank provided the senior credit facility for the deal.

BDO acted as advisers to the vendor for the acquisition.


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