DLA Piper advises on the USD300m sale of Hindawi to Wiley
DLA Piper has advised the shareholders of Hindawi Limited (“Hindawi”) on Hindawi’s sale to John Wiley & Sons, Inc. (“Wiley”) for an enterprise value of USD300 million. The transaction closed on 31 December 2020.
Founded in 1997, Hindawi is an academic publisher with over 200 peer-reviewed, Open Access journals covering all areas of Science, Technology and Medicine (“STM”). Hindawi also manages journals on behalf of third-party publishers such as academic societies looking to transition to Open Access. Hindawi’s technology capabilities allow publishers and societies to manage their Open Access journals, while providing a seamless publishing experience for authors, editors, and reviewers. For the fiscal year ending 31 December 2020, Hindawi is projected to generate approximately USD40 million in revenue in its fiscal year ending 31 December 2020, with year over year growth of 50%. Wiley drives the world forward with research and education. Through publishing, platforms and tech-enabled services, it helps researchers, professionals, students, universities and corporations to achieve their goals in an ever-changing world. And for more than 200 years, Wiley has delivered consistent performance to all their stakeholders.
The DLA Piper team advising the shareholders of Hindawi was led by London-based Corporate partners John Pryor and Chris Baird working alongside London-based Publishing specialist and partner in the firm’s Intellectual Property & Technology team, Duncan Calow. They were assisted by associates Harry Eastgate and Hugo Cliff (both Corporate, London), partner Marian Dinu and counsel Oana Dutu-Buzura (both Corporate, Bucharest), partner David Thompson (Tax, Manchester), partner Neil Campbell and associate Josh Gardner (both Finance, London) and partner Jonathan Exten-Wright, senior associate Heather Barc and associate Ashley Moss (all Employment, London).