HarperCollins has completed its acquisition of Pavilion Books, finalising a deal it announced in October.
The publisher said on 1st December that Pavilion imprints Collins & Brown, Pavilion, Portico, Robson, National Trust and Pavilion Children’s have now transferred to HarperCollins. The Batsford and Pitkin imprints have been retained by owner and publisher Polly Powell as B T Batsford, which remains a standalone privately owned business.
Pavilion’s adult non-fiction publishing joins HQ and Mills & Boon as Pavilion, National Trust publishing joins Collins Learning while the children’s list is now part of Farshore.
HarperCollins announced its intention to acquire Pavilion on 29th October. Powell said she was "thrilled" with the move, adding she had increasingly felt that Pavilion "would be best served, and at home, under the roof of one of the big houses".
Speaking about the completion, HarperCollins c.e.o. Charlie Redmayne said: "I am delighted that the acquisition of Pavilion Books is now complete and would like to thank Polly Powell and everyone who has helped make it happen. Pavilion is a great addition to our portfolio and presents a fantastic opportunity to develop our illustrated publishing. I am pleased to welcome the Pavilion team to HarperCollins and excited to see the lists grow and develop in their new home."
In its most recent financial results, for the year ending 28th February 2021, Pavilion generated turnover of £10.3m, in line with the previous year. Its EBITDA (earnings before interest, taxes, depreciation and amortisation) increased by more than 50% on the previous year.