M&A Deal Summary

Elliott Management Acquires Barnes & Noble

On June 7, 2019, asset manager Elliott Management acquired retail company Barnes & Noble for 683M USD

Acquisition Highlights
  • This is Elliott Management’s 1st transaction in the Retail sector.
  • This is Elliott Management’s 3rd largest (disclosed) transaction.
  • This is Elliott Management’s 2nd transaction in the United States.
  • This is Elliott Management’s 1st transaction in New York.

M&A Deal Summary
Date 2019-06-07
Target Barnes & Noble
Sector Retail
Buyer(s) Elliott Management
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 683M USD
Advisor(s) Evercore Group LLC (Financial)
Baker Botts LLP (Legal)

Target

Barnes & Noble

New York, New York, United States
website
Barnes & Noble is a bookseller and operates through retail stores and online. The Company’s principal business is the sale of trade books (generally hardcover and paperback titles), mass market paperbacks (such as mystery, romance, science fiction and other popular fiction), children’s books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys & games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com. The Company offers its customers a full suite of textbook options (new, used, digital and rental). Barnes & Noble was formed in 1986 and is based in New York City.

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Buyer(S) 1

Buyer

Elliott Management

website

Category Asset Manager
Founded 1977
SizeMega
Type Sector Agnostic
DESCRIPTION

Elliott Management is a diversified investment management firm consisting of private equity, distressed, and hedge funds. The Firm's private equity group looks to acquire majority or minority stakes in private companies. In addition to private equity investing, Elliott looks to acquire positions in public companies, distressed assets, real estate, and commodities. Elliott Management was formed in 1977 and is headquartered in West Palm Beach, Florida.

DEAL STATS #
Overall 3 of 8
Sector (Retail) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (New York) 1 of 2
Country (United States) 2 of 5
Year (2019) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 BMC

Houston, Texas, United States

BMC is a systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments. BMC was established in 1980 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 Acosta

Jacksonville, Florida, United States

Acosta Sales & Marketing provides outsourced sales, marketing and merchandising services to manufacturers, suppliers, and producers of consumer packaged goods. Acosta was formed in 1927 and is based in Jacksonville, Florida.

Buy -
Mergr

Product

Company

Legal