Germany: new owners for Thalia

Germany: new owners for Thalia

The announcement on Monday (11th July) that US private equity firm Advent International has finally found a buyer for Germany’s largest brick-and-mortar bookseller Thalia had long been expected. The real surprise in the deal is the identity of the buyer: not another cost-cutting financial investor as many in the industry had feared, but a German consortium of experienced trade insiders led by the Herder family, who has been in the publishing business for more than 200 years as owners of Herder.

The consortium led by Manuel Herder bought Advent’s majority share in Thalia for an undisclosed ...

This is subscriber-only content

Not a subscriber? Get unrestricted access to all the news, charts, previews, data & analysis by subscribing from as little as £3 per week.

Why Subscribe?

Every issue of The Bookseller magazine

Unlimited access to (single user)

The Bookseller e-edition app for tablet and mobile

Subscriber-only newsletters

Twice yearly Buyer's Guides worth £50

Discounts on The Bookseller Awards and Conferences

Click here to subscribe now