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 City.

DEAL STATS #
Overall 12 of 12
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 9 of 9
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 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

ZMC

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
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) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 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 -
SELLER

Everberg Capital

Investor

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Agnostic
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 $10 to $100 million per transaction. Everberg Capital was formed in 2019 and is based in New York City.

DEAL STATS #
Overall 2 of 2
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-10 Omni Logistics

Coppell, Texas, United States

Omni Logistics is a provider of global third-party logistics services, including freight forwarding, eCommerce fulfillment, and other value-added supply chain services. Omni Logistics was founded in 2000 and is based in Coppell, Texas.

Sell $150M
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