That's What the Duden Says.
The Deal Franz Cornelsen Bildungsholding has successfully sold Duden Institute für Lerntherapie (remedial education) to an undisclosed buyer. IEG - Investment Banking Group acted as exclusive financial advisor to Franz Cornelsen Bildungsholding GmbH & Co. KG. During the transaction process, IEG was responsible of the analysis of process options, finding all available and deciding on the best and fitting selling strategy, the valuation of assets and the activities for the sale as well as for the coordination and management of the entire process, which was challenging as it was a sale within a limited auction process.
The Client Franz Cornelsen Education Group is one of Germany's largest publishing groups and a leading provider of education services, creating and distributing educational materials for a market which extends from pre-school education to vocational training. The publishing programmes of the individual companies in the group are coordinated such that the group is today able to offer the ideal educational material for every learning situation. The group is, furthermore, active beyond Germany's borders.