JOHN WILEY & SONS, INC. (WLY): M&A transaction — Wiley acquires Emerald Publishing for $452M; adds ~500 journals, expected accretive in year one

JOHN WILEY & SONS, INC.

Purchase price of £337.5M (~$452M) all-cash; funded from cash on hand.
Emerald generates >$85M revenue, 92% recurring, mid-single-digit growth.
Expected accretive to adjusted EPS in year one; ~7x EV/EBITDA including ~$30M cost synergies by year three.
Journal portfolio expands to ~2,500 titles; leadership in social sciences, economics, and business.
Meaningful cost synergy realization expected by year two.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

JOHN WILEY & SONS, INC. completed an acquisition involving CIG Emerald Midco LLC for GBP £337.5 million (approximately $452 million) (closed 2026-06-01).

Action: acquisition
Counterparty: CIG Emerald Midco LLC
Consideration: GBP £337.5 million (approximately $452 million)
Closing: 2026-06-01

Exact text from the filing

pursuant to which Buyer acquired from the Seller all of the issued and outstanding equity securities of Emerald Holding (the "Transaction") in exchange for GBP £337.5 million (approximately $452 million)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

JOHN WILEY & SONS, INC. entered into Purchase Agreement with CIG Emerald Midco LLC valued at GBP £337.5 million (approximately $452 million) (effective 2026-06-01).

Action: entry
Agreement: equity purchase
Counterparty: CIG Emerald Midco LLC
Value: GBP £337.5 million (approximately $452 million)
Effective: 2026-06-01

Exact text from the filing

entered into an Equity Purchase Agreement (the "Purchase Agreement") with CIG Emerald Midco LLC, a Delaware limited liability company (the "Seller"), and CIG Emerald Holding LLC, a Delaware limited liability company ("Emerald Holding"), pursuant to which Buyer acquired from the Seller all of the issued and outstanding equity securities of Emerald Holding (the "Transaction") in exchange for GBP £337.5 million (approximately $452 million)

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JOHN WILEY & SONS, INC. filing history →

Source: SEC EDGAR

accession 0000107140-26-000034

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