M&A Deal Summary

TC Media Acquires ERPI

On June 13, 2022, TC Media acquired publishing company ERPI from Pearson

Acquisition Highlights
  • This is TC Media’s 1st transaction in the Publishing sector.
  • This is TC Media’s 1st transaction in Canada.
  • This is TC Media’s 1st transaction in Quebec.

M&A Deal Summary
Date 2022-06-13
Target ERPI
Sector Publishing
Buyer(s) TC Media
Sellers(s) Pearson
Deal Type Divestiture

Target

ERPI

Montreal, Quebec, Canada
ERPI is a French-language publisher and the largest publisher of English as a second language textbook in Canada. Over the past few years, the company has profoundly transformed its business and embarked on a shift towards digital educational content. ERPI was formed in 1989 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

TC Media

Montreal, Quebec, Canada
Category Company
Sector Publishing
Employees3,000
DESCRIPTION

TC Media, Inc. is a provider of proximity media solutions. TC Media reaches consumers through a wide range of print and digital publishing products in French and English: newspapers, educational books, trade publications, retail promotional content, mass and personalized marketing, mobile and interactive applications and geotargeted door-to-door and digital distribution services.

DEAL STATS #
Overall 1 of 1
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-29 Creative Book Publishing

St. John's, Newfoundland, Canada

Creative Book Publishing is a publishing company. Creative Book Publishing was founded in 1983 and is based in St. John's, Newfoundland.

Sell -

Seller(S) 1

SELLER

Pearson

London, United Kingdom
Category Company
Founded 1844
Sector Publishing
Employees17,612
Revenue 3.7B GBP (2023)
DESCRIPTION
Pearson office in Bloomington, Minnesota.
Pearson office in Bloomington, Minnesota.

Pearson is a multinational publishing and education company. Pearson combines educational content and assessment, powered by services and technology, to enable more effective teaching and personalized learning at scale. Pearson was founded in 1844 and is based in London, United Kingdom.

DEAL STATS #
Overall 15 of 16
Sector (Publishing) 4 of 4
Type (Divestiture) 14 of 15
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Mondly

Brasov, Romania

Mondly is a global online language learning platform offering consumers high-quality learning in English and 40 other languages via its app, website, virtual reality, and augmented reality products. The company delivers language courses for both professional and personal learning in a combination of more than 1300 language pairs and is consistently ranked as one of the highest-rated educational language apps in the app store. It also offers enterprise solutions through MondlyWORKS and has built an award-winning app that helps children learn languages – MondlyKIDS. Mondly was formed in 2013 and is based in Brasov, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 PDRI

Arlington, Virginia, United States

PDRI is involved in designing, developing, and implementing high-quality, innovative talent management solutions that adhere to the highest principles of professional practice. Its suite of integrated talent management solutions helps government and commercial clients hire, train, develop, manage and motivate high-performance organizations. PDRI was founded in 1975 and is based in Arlington, Virginia.

Buy $190M
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