M&A Deal Summary

Scholastic Acquires 9 Story Media Group

On March 12, 2024, Scholastic acquired digital media company 9 Story Media Group from ZMC and Everberg Capital for 186M USD

Acquisition Highlights
  • This is Scholastic’s 1st transaction in the Digital Media sector.
  • This is Scholastic’s 2nd largest (disclosed) transaction.
  • This is Scholastic’s 1st transaction in Canada.
  • This is Scholastic’s 1st transaction in Ontario.

M&A Deal Summary

Date 2024-03-12
Target 9 Story Media Group
Sector Digital Media
Buyer(s) Scholastic
Sellers(s) ZMC
Everberg Capital
Deal Type Add-on Acquisition
Deal Value 186M USD

Target

9 Story Media Group

Toronto, Ontario, Canada
9 Story Media Group is a creator, producer, and distributor of animated and live-action content for young audiences around the world. 9 Story Media Group was founded in 2002 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Scholastic

New York, New York, United States

Category Company
Founded 1920
Sector Publishing
Employees4,770
Revenue 1.6B USD (2024)
DESCRIPTION

Scholastic is a publisher and distributor of children's books and a leader in educational technology and related services and children's media. Scholastic creates quality books and ebooks, print and technology-based learning materials and programs, magazines, multi-media and other products that help children learn both at school and at home. Scholastic was founded in 1920 and is based in New York, New York .


DEAL STATS #
Overall 12 of 12
Sector: Digital Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 9
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Learning Ovations

Irvine, California, United States

Learning Ovations is a creator of A2i ("Assessment to Instruction"), a literacy screening, progress monitoring assessment and instructional planning system for classrooms and community organizations. Learning Ovations was founded in 2013 and is based in Irvine, California.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

Zelnick Media Capital (ZMC) is a private equity firm focused on the media and communications sectors. ZMC looks to partner with management teams when pursuing transactions and will consider a variety of transaction situations, including growth-oriented investments and companies in need of operational improvement. Zelnick Media Capital was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 7 of 8
Sector: Digital Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 InProduction

Warrenville, Illinois, United States

InProduction is a provider of rental staging and seating solutions for special events. InProduction designs deliver and installs high-quality temporary audience risers, stadium seating, platforms, drapery, and scenery for high-end sporting, corporate, and other special events. InProduction is based in Warrenville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Logitix

Boca Raton, Florida, United States

Logitix provides ticket pricing, yield optimization, and analytics services for professional sports teams and other live events rights holders. The Company leverages a proprietary ticket management system, Monarch, to manage secondary ticket inventory in real-time. It manages regular season and playoff ticket inventory for professional sports franchises, and premier collegiate events, as well as a growing amount of inventory from concerts and other live events. Logitix was founded in 2010 and is based in Boca Raton, Florida.

Sell -
DESCRIPTION

Everberg Capital is a private investment firm that looks to partner with family-owned businesses, entrepreneurs, and financial sponsors with capital for acquisition financing, leveraged buyouts, growth opportunities, and recapitalizations. Broad areas of interest include industrials, business services, consumer products/services, and healthcare. Everberg can invest across the capital structure and seeks to commit up to to $350 million per transaction. Everberg Capital was formed in 2019 and is based in New York, New York.


DEAL STATS #
Overall 2 of 3
Sector: Digital Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 Ridgeline Roofing and Restoration

Odenville, Alabama, United States

Ridgeline Roofing and Restoration is a roofing and restoration company specializing in residential re-roofing services. Ridgeline Roofing and Restoration was founded in 2020 and is based in Odenville, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 CoachCare

New York City, New York, United States

CoachCare is a provider of remote patient monitoring and virtual health software to simplified claims documentation and maximized reimbursement. CoachCare was founded in 2013 and is based in New York City, New York.

Buy -