Levine Leichtman Capital Partners (“LLCP”) announced today that it has sold its portfolio company CJ Fallon (the “Company”) to an investor group led by the Company’s management team. Financial terms of the transaction were not disclosed.
Headquartered in Dublin, Ireland, CJ Fallon is a leading provider of educational content in both print and digital formats to primary and secondary schools throughout Ireland. Established in 1895, CJ Fallon is one of Ireland’s oldest educational publishers and has a market-leading reputation for high-quality educational content. The Company produces over 800 titles across 20 different subject areas, as well as proprietary math and English benchmarking assessments.
Josh Kaufman, Head of Europe for LLCP, said, “The CJ Fallon management team, led by Brian Gilsenan and John Bodley, has consistently grown and enhanced the Company’s position as the leading Irish education publisher for primary and secondary schools. CJ Fallon is well-positioned to continue its growth in the future and we wish the best to Brian, John and the entire CJ Fallon team in the next phase of the Company’s journey.”
Brian Gilsenan, CEO of CJ Fallon, commented, “We are grateful to LLCP for their partnership over the last six years. We have benefitted from their strong experience investing in education businesses, helping us to build on our market-leading position in the Irish education market through several value-add initiatives. We look forward to our next chapter, continuing to build on CJ Fallon’s position in providing the highest-quality teaching and learning resources to teachers and pupils.”
CJ Fallon is the third successful exit from LLCP’s inaugural Europe fund.
Arrowpoint Advisory LLP served as financial advisor and McCann FitzGerald LLP served as legal counsel in connection with the transaction.
Pegasus Capital LLP and Flynn O’Driscoll LLP acted for management and the incoming investors.