Project: Sale of Paraninfo S.A., one of Spain's best-known vocational publishers, to Ediciones Nobel
Role: Advised the shareholders of Cengage Learning
2008Quayle Munro advises Cengage Learning on sale of Paraninfo to Ediciones Nobel
September 2008:
Quayle Munro, international corporate finance advisers in media, information and technology, has advised Cengage Learning (“Cengage”), a leading provider of print and digital information services for the educational and library reference markets, on the sale of Cengage Learning Paraninfo S.A. (“Paraninfo”), one of Spain’s best-known vocational publishers. Paraninfo was acquired for an undisclosed amount by Ediciones Nobel.
Founded in 1954, Paraninfo publishes textbooks, manuals, study guides and reference works for the ciclos formativos, university and professional markets. The Company also has a growing number of online resources, principally for professional users. Its products are sold throughout Spain and Latin America.
Cengage Learning delivers highly customised learning solutions for colleges, universities, professors, students, libraries, government agencies, corporations and professionals around the world. These solutions are delivered through specialised content, applications and services that foster academic excellence, professional development, and measurable learning outcomes. Cengage Learning’s existing company and imprint brands include Heinle, Gale, Wadsworth, Delmar, Brooks/Cole and South-Western, among others. For more information on Cengage Learning, please visit www.cengage.com. Ediciones Nobel was founded in Oviedo, Spain, in 1989. Its portfolio comprises books and audio visual materials on Spanish culture, as well as third party editorial services. Among Ediciones Nobel’s client base are some of the country’s leading commercial and cultural institutions, such as BBVA, Planeta, El Mundo and Fundación Príncipe de Asturias.
