M&A Deal Summary

KKR Acquires Simon & Schuster

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

Acquisition Highlights
  • This is KKR’s 3rd transaction in the Publishing sector.
  • This is KKR’s 56th largest (disclosed) transaction.
  • This is KKR’s 194th transaction in the United States.
  • This is KKR’s 15th transaction in New York.

M&A Deal Summary

Date 2023-08-07
Target Simon & Schuster
Sector Publishing
Buyer(s) KKR
Sellers(s) Paramount Skydance
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 267.0B 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 459 of 499
Sector: Publishing M&A 3 of 3
Type: Divestiture M&A Deals 51 of 54
State: New York M&A 15 of 20
Country: United States M&A 194 of 212
Year: 2023 M&A 12 of 20
Size (of disclosed) 56 of 108
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
2023-08-17 A-Gas

Bristol, United Kingdom

A-Gas is an independent global specialist blender, re-packer, and distributor of specialty gases and chemicals to the refrigeration and insulation foam industries, primarily focusing on environmentally acceptable replacement products for chlorofluorocarbon (“CFC”) gases and liquids. A-Gas was founded in 1993 and is based in Bristol, United Kingdom.

Sell -

Seller(S) 1

SELLER

Paramount Skydance

New York, New York, United States

Category Company
Founded 1986
Sector Media
Employees18,600
Revenue 29.2B USD (2024)
DESCRIPTION

Paramount Skydance is a global media and entertainment company. It operates across three core segments—Studios, Direct?to?Consumer, and TV Media—and manages iconic assets including Paramount Pictures, CBS, MTV, Nickelodeon, Paramount+, and Pluto TV. Paramount Skydance was formed in 1986 and is based in New York, New York.


DEAL STATS #
Overall 5 of 5
Sector: Publishing M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
State: New York M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2023 M&A 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-07 Skydance Media

Santa Monica, California, United States

Skydance Media is a diversified media company provides elevated, event-level entertainment for global audiences. Skydance produces content across its feature film, television, interactive and animation divisions. Skydance Media was established in 2010 and is based in Santa Monica, California.

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