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Goodman Derrick's Corporate Group Advises on Sale of Anova Books
Goodman Derrick's Corporate group has advised Anova Books and its chief executive Polly Powell on her acquisition of the company’s entire share capital from fellow directors Robin Wood and David Proffit.
Anova Books, which was formed through the MBO of Chrysalis PLC’s books division in 2005, is an independent UK-based publishing company, which releases around 150 non-fiction books per year focussing on food and drink, craft and heritage. It specialises in illustrated book and digital content under a number of imprints including, Pavillion, Collins and Brown, Portico and National Trust.
Mrs Powell said:
"The company has achieved a huge amount over the last eight years under the triumvirate of Robin, David and me and the legacy is not something I take lightly. We had a challenging period from mid- 2012 to mid-2013 and it gave us all a chance to reappraise the business in a really constructive and forward looking way. There will be some changes but I am a great believer in evolution rather than revolution and the new ‘us’ will be unveiled at the London Book Fair."
Edward Hoare, Corporate partner at Goodman Derrick commented: "I'm confident that Anova Books will perform well under its new structure and, with someone of Polly's experience at the helm, I'm sure the business will go from strength to strength."
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