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British retailer WH Smith has agreed to sell its High Street bookstore business to Modella Capital, valued at £76m on a cash and debt-free basis. They expect gross cash of £36 million at completion, £6 million a year later, and another £10 million “based on timing and realization of certain tax assets within the High Street business.” The deal is expected to close in the final quarter of the company’s fiscal year, ending August 31. The company is represented by Greenhill & Co. International for financial advising and Herbert Smith Freehills for legal advising. During a “short transitional period,” the

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NYT-bestselling author of A TEMPEST OF TEA and WE HUNT THE FLAME Hafsah Faizal's Blade of Honey romantasy duology, pitched as a twisted, cat-and-mouse The Bachelor with a dash of Cinderella, following a girl who cons her way into a coveted invitation to compete for the king's hand in marriage, but she doesn't want to be queen, she wants to drive a dagger through his heart, plus a standalone novel, to Janine O'Malley at Farrar, Straus Children's, in a major deal, for … read more
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