M&A Deal Summary

Storytel Acquires Norstedts Förlagsgrupp AB

On June 22, 2016, Storytel acquired publishing company Norstedts Förlagsgrupp AB from The Swedish Co-operative Union for 13M GBP

Acquisition Highlights
  • This is Storytel’s 1st transaction in the Publishing sector.
  • This is Storytel’s largest (disclosed) transaction.
  • This is Storytel’s 1st transaction in Sweden.

M&A Deal Summary
Date 2016-06-22
Target Norstedts Förlagsgrupp AB
Sector Publishing
Buyer(s) Storytel
Sellers(s) The Swedish Co-operative Union
Deal Type Divestiture
Deal Value 13M GBP

Target

Norstedts Förlagsgrupp AB

Stockholm, Sweden
Norstedts Förlagsgrupp AB is a publishing house. Norstedts publication includes fiction and nonfiction, and is characterized by the quality and breadth.

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Buyer(S) 1

Buyer

Storytel

Stockholm, Sweden
Category Company
Founded 2006
Sector Internet Software and Services
Employees629
Revenue 3.5B SEK (2023)
DESCRIPTION

Storytel is an operator of the fast-growing audiobook market. Storytel's subscribed audiobook and e book streaming services offers to listen and reading of more than 700,000 titles on a global scale. Storytel was founded in 2006 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 2 of 2
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 1
Country (Sweden) 1 of 1
Year (2016) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-20 Mofibo Books ApS

Copenhagen, Denmark

Mofibo Books ApS is a subscription service for ebooks and audio books. For a fixed price per month, readers can enjoy as many ebooks and audio books as they want. From best-sellers and editor’s special picks, to children’s titles, biographies, romantic books, thrillers and much much more.

Buy £10M

Seller(S) 1

SELLER

The Swedish Co-operative Union

Solna, Sweden
Category Company
Sector Retail
DESCRIPTION

The Swedish Co-operative Union (KF) is the parent company of KF Group where Coop's grocery retail trade constitutes its core business. Coop operates grocery retail shops in chains like Coop Forum, Coop Extra, Coop Konsum and Coop Nära.

DEAL STATS #
Overall 2 of 2
Sector (Publishing) 1 of 1
Type (Divestiture) 2 of 2
Country (Sweden) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 Akademibokhandeln AB

Stockholm, Sweden

Akademibokhandeln AB is a book retailer in Sweden with a market share of about 35% of consumer book sold, and it has a strong offering for all product and delivery formats. With 108 stores nationwide, 80 under its own management and 28 run as franchises, together with online sales under the Akademibokhandeln and Bokus brands, the company operates modern and profitable sales channels focused on consumers, companies and public-sector operations.

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