M&A Deal Summary

BNED Acquires MBS Textbook Exchange

On February 28, 2017, BNED acquired business services company MBS Textbook Exchange for 174M USD

Acquisition Highlights
  • This is BNED’s 1st transaction in the Business Services sector.
  • This is BNED’s largest (disclosed) transaction.
  • This is BNED’s 3rd transaction in the United States.
  • This is BNED’s 1st transaction in Montana.

M&A Deal Summary
Date 2017-02-28
Target MBS Textbook Exchange
Sector Business Services
Buyer(s) BNED
Deal Type Add-on Acquisition
Deal Value 174M USD

Target

MBS Textbook Exchange

Columbia, Montana, United States
website
MBS Textbook Exchange LLC is an operator of virtual bookstores for the institutional client market and one of the largest used textbook wholesalers in the U.S. Through its MBS Direct business, MBS services more than 700 virtual bookstores with a comprehensive e-commerce experience and a broad suite of affordable new, used and digital course materials.

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Buyer(S) 1

Buyer

BNED

Basking Ridge, New Jersey, United States

website

Category Company
Founded 1965
Sector Retail
Employees3,000
Revenue 1.5B USD (2022)
DESCRIPTION

BNED is a retailer of educational content and tools to enhances the academic and social purpose of educational institutions. Barnes & Noble Education was incorporated in 1965 and is based in Basking Ridge, New Jersey.

DEAL STATS #
Overall 3 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Montana) 1 of 1
Country (United States) 3 of 5
Year (2017) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 RFQ

Crystal Lake, Illinois, United States

RFQ LLC (dba Promoversity) is specialized in creating licensed promotional products provider and e-commerce store front solution serving the collegiate bookstore business and its customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-04 Student Brands

Los Angeles, California, United States

Student Brands is an education technology company that operates multiple direct-to-student businesses focused on Study Tools, Writing Help, and Literary Research, all centered around assisting students with the writing process. Student Brands has a substantial and growing community of online learners, with over 20 million unique monthly users across its digital properties, which include 123HelpMe.com, Bartleby.com and StudyMode.com in the United States and TrabalhosFeitos.com, Etudier.com and Monografias.com in Brazil, France and Mexico, respectively.

Buy $59M
Mergr

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