Disposal of The History Press Inc. to Arcadia Publishing
HMT LLP, led by partners Mark Lucas and Andrew Thomson and director Holly Bedford, advised private equity backed The History Press Ltd (‘The History Press’) on the disposal of their US subsidiary The History Press Inc. to American publisher Arcadia Publishing (‘Arcadia’).
The History Press is a UK-based publishing group of distinctive ‘general and local interest’ history books with subsidiaries in Western Europe and the US. The History Press has published more than 20,000 titles globally. The History Press Inc.has published more than 2,000 history titles since 2004.
In July 2014, The History Press sold its US Corporation to Arcadia Publishing in a private sale. The acquisition of The History Press Inc. by Arcadia Publishing creates the largest publisher of local and regional interest books in the US, with a total of more than 12,000 titles for sale in America. Arcadia confirmed that- both brands will continue as separate imprints.
Partners Mark Lucas and Andrew Thomson and Director Holly Bedford provided corporate finance and tax advice to the History Press Ltd during the transaction.
Gareth Swain, Finance Director at The History Press Ltd commented:
“We would like to thank Mark Lucas, Holly Bedford and HMT for their expert advice throughout the disposal of our US subsidiary, especially given the challenges faced during a cross-border transaction. We look forward to continuing working with them.”
Mark Lucas commented:
“We are delighted to have advised our client The History Press Ltd in the disposal of their US subsidiary to Arcadia Publishing and we look forward to helping Gareth and his team develop their business.”