Setterwalls assists KF Media on sales of Norstedts Publishing Group to Storytel

KF Media AB has entered into an agreement to sell 100 % of the shares of Norstedts Förlagsgrupp AB Storytel AB (publ), for a total consideration of SEK 152 million on a debt free basis. Norstedts Förlagsgrupp AB is proprietor of the publishing houses Norstedts, Rabén & Sjögren and Norstedts Kartor.

Norstedts authors include David Lagercrantz, Agneta Pleijel, Jonas Gardell, Kristina Sandberg, Torgny Lindgren, P. O. Enquist and several Nobel laureates. Norstedts Förlagsgrupp was founded in 1823 and is Sweden’s oldest publishing house. Rabén & Sjögren was founded in 1942 and publishes several of Sweden’s leading children’s author, Astrid Lindgren, Lennart Hellsing and Gunilla Bergström.

Storytel was founded in 2005 and has since then been a leader in subscription services for audio books and e-books. Storytel has about one hundred employees and is present in the markets in Sweden, Denmark, Norway, Finland, the Netherlands and Poland.