Thalia DEAL

German Bookstore Giant Gets New Owner

books_dpa
Book store chains aren't dead after all.
  • Why it matters

    Why it matters

    Thalia’s buyers aim to improve the bookstore’s digital strategy amid stiff competition from online retailers such as Amazon.

  • Facts

    Facts

    • Advent International has sold the bookstore chain Thalia to a consortium that includes Germany’s oldest publishing family, the Herders.
    • Thalia is the latest in a series of sales resulting from Advent’s acquisition of the German retail consortium Douglas Holding from the Kreke family in 2012.
    • The Kreke family will maintain a minority stake in Thalia.
  • Audio

    Audio

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A consortium that includes Germany’s oldest publishing family, the Herders, has purchased a majority stake in Germany’s largest bookstore chain Thalia from private-equity firm Advent International, the participants announced Monday.

Though the participants didn’t disclose a sum, sources told Handelsblatt that Thalia, with its more than 280 locations, sold for a three-figure million euro sum. The German competition authorities still have to approve the deal.

The Thalia deal is the latest in a series of sales by Advent. The private equity firm bought a majority stake in the retail consortium Douglas Holding in 2012 from its founders, the Kreke family, who maintain a 20-percent stake.

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