M&A Deal Summary

KKR Acquires Simon & Schuster

On August 7, 2023, private equity firm KKR acquired publishing company Simon & Schuster from Paramount for 1.6B USD

Acquisition Highlights
  • This is KKR’s 3rd transaction in the Publishing sector.
  • This is KKR’s 54th largest (disclosed) transaction.
  • This is KKR’s 194th transaction in the United States.
  • This is KKR’s 16th transaction in New York.

M&A Deal Summary

Date 2023-08-07
Target Simon & Schuster
Sector Publishing
Buyer(s) KKR
Sellers(s) Paramount
Deal Type Divestiture
Deal Value 1.6B USD

Target

Simon & Schuster

New York, New York, United States
Simon & Schuster is a publisher and distributor, and seller of books in print, digital, and audio formats. Simon & Schuster was founded in 1924 and is based in New York City.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 458 of 483
Sector (Publishing) 3 of 3
Type (Divestiture) 51 of 53
State (New York) 16 of 19
Country (United States) 194 of 210
Year (2023) 11 of 18
Size (of disclosed) 54 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 LEAP

Mumbai, India

Leading Enterprise in Asset Pooling (LEAP) is a provider of sustainable supply chain solutions. Specializing in the design, manufacture, and management of wooden pallets, reusable packaging, and containers, the company primarily operates in the asset pooling space, offering cutting-edge supply chain solutions to businesses throughout India. Its mission is to provide cost-effective and sustainable solutions that help businesses reduce waste and lower costs while minimizing the environmental impact of their operations. LEAP was formed in 2013 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-25 Australian Venue

Melbourne, Australia

Australian Venue Co. (AVC) is a food and beverage-led hospitality group that owns and operates more than 210 pubs, bars, and event venues across Australia and New Zealand. Australian Venue Co. is based in Melbourne, Australia.

Sell -

Seller(S) 1

SELLER

Paramount

New York, New York, United States

Category Company
Founded 1986
Sector Media
Employees21,900
Revenue 29.7B USD (2023)
DESCRIPTION

Paramount is an international media company that delivers premium content to audiences across traditional and emerging platforms worldwide. Its business segments include Entertainment, Cable Networks, Publishing, and Local Broadcasting. Paramount was founded in 1986 and is based in New York City.


DEAL STATS #
Overall 5 of 5
Sector (Publishing) 1 of 1
Type (Divestiture) 4 of 4
State (New York) 2 of 2
Country (United States) 4 of 4
Year (2023) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Estudios TeleMexico

San Pedro Garza García, Mexico

Estudios TeleMéxico engages in the design and execution of fiction, documentary, reality, sports, and new media products, to make each product a unique experience. Estudios TeleMexico was founded in 2014 and is based in San Pedro Garza García, Mexico.

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