Holland & Knight advised Penguin Random House on the deal.
Penguin Random House, the world’s largest book publisher, in executed the acquisition of Eric Carle LLC, a company that owns the intellectual property rights for beloved author and illustrator Eric Carle.
Mr. Carle, who is best known for his book “The Very Hungry Caterpillar,” has sold more than 145 million copies of his books worldwide.
The deal was announced on November 6 and is expected to close on January 1, 2020.
The acquisition includes the global publishing rights to Mr. Carle’s more than 70 children’s books and a substantial licensing business. The Eric Carle brand includes live children’s theater adaptions, interactive apps, direct-to-retail license and “good for you” food- and beverage-licensing, making it one of the biggest book-based preschool brands in the world.
The Holland & Knight team was led by Partner Marisa Terrenzi (Picture), assisted by Partners Elizabeth Burkhard and Gary Schoenbrun and Staff Attorney Valery Slosman.
Law Firms: Holland & Knight;
Clients: Penguin Random House Limited;