Club Internacional del Libro has acquired the German operations of Reader's Digest German Region
May 2017 — Club Internacional del Libro (CIL) has acquired Reader's Digest's German operations from Trusted Media Brands, Inc. Financial details have not been disclosed.
Founded in 2006, CIL is a direct marketing and sales business operating in Spain, Portugal, France and Scandinavia through its own brands and under licensed operations from Reader's Digest. This transaction represents the third acquisition of a European Reader's Digest operation by CIL which consolidates its position as the largest licensee of Reader's Digest in Europe.
Reader's Digest is an American general-interest family magazine, published ten times a year. The magazine was founded in 1920, by DeWitt Wallace and Lila Bell Wallace. For many years, Reader's Digest was the best-selling consumer magazine in the USA. Reader's Digest's activity in German cover Austria, Germany and part of Switzerland.
Trusted Media Brands is a global media and direct marketing company that connects consumers around the world with products and services from trusted brands. Trusted Media Brands is home to some of the best-known media brands in the United States, reaching a uniquely engaged audience across multiple digital platforms, social media, magazines, books, music and events. Reader's Digest International is composed of RD-owned operations in the Australia,Pacific and German regions, as well as Canada. The rest of the international operation is licensed out to partners on a market-by-market basis.
Our role in the transaction
Oaklins' team in Spain advised the buyer in this transaction.
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