US private equity group Levine Leichtman Capital Partners (LLCP) has acquired Dublin based education publisher CJ Fallon for an undisclosed sum.
The private equity firm partnered with the management of CJ Fallon for the transaction.
Brian Gilsenan, CJ Fallon's chief executive officer, said: "We are very excited to be partnering with Levine Leichtman, given the significant knowledge and education-related experience that they bring to our company. This provides my team with strong confidence that we have chosen the right partner to support our continued growth."
CJ Fallon, originally established in 1927, is a widely recognised and respected business, with an extensive range of educational products including textbooks, workbooks, study guides, teaching materials and assessment tests.
In 2013 CJ Fallon was acquired by Lonsdale Capital Partners, a UK based private equity firm.
The acquisition is the first investment for LLCP's €100 million European investment fund. The senior credit facility for the transaction was provided by Ulster Bank Ireland.
