Three Quarto Titles have been selected as part of the Notable Social Studies Trade Books for Young People 2017 in the US. This annual cooperative project of the National Council for the Social Studies (NCSS) and the Children’s Book Council aims to gather “an annual reading list of exceptional books for use in social studies classrooms, selected by social studies educators.”
The selection committee looks for books that emphasize human relations, represent a diversity of groups and are sensitive to a broad range of cultural experiences, present an original theme or a fresh slant on a traditional topic, are easily readable and of high literary quality, and have a pleasing format and, when appropriate, illustrations that enrich the text.
We are very proud to have the following three titles selected on the list:
A preview of the Notable Social Studies list is available on the CBC site.
Quarto had four titles selected in the 2016 list.
Author of Unseen London and London Uncovered published by Frances Lincoln, an imprint of The Quarto Group, Peter Dazeley has been awarded The British Empire Medal in the Queen’s New Year’s Honours list for his services to photography and charity.
The British Empire Medal is described by gov.uk as “Awarded for a ‘hands-on’ service to the local community. This could be a long-term charitable or voluntary activity, or innovative work of a relatively short duration (3 to 4 years) that has made a significant difference.” And is part of the Queen’s Honours system.
The system recognises people who have, made achievements in public life, committed themselves to serving and helping Britain. They’ll usually have made life better for other people or be outstanding at what they do.
From Dazeley’s success as a photographer he was able to give back to communities by donating his time as a photographer, to a variety of different charities. In his career he has guided and inspired the young through his mentoring in photography and has also donated his skills to charities in support of their campaigns. Described as ‘the working class gong’ the British Empire Medal prize trophies long term commitment to charities.
Now at the age of 68, Dazeley is still working hard and can look back with great satisfaction at what he has achieved. He will be meeting the Queen later on this year to receive his award.
The Quarto Group, Inc. ("Quarto" or "the Group")
The Quarto Group Acquires becker&mayer
The Quarto Group Inc. (LSE: QRT), the leading global illustrated book publisher and distribution group, today announces that its wholly-owned subsidiary, Quarto Publishing Group USA, Inc. (“the Company”), has acquired the publishing assets of becker&mayer LLC (“becker&mayer”) from McEvoy Group, the US-based independent trade publishing group.
The assets of becker&mayer’s book publishing group and its SmartLab book-plus and toy business will become Quarto’s fifth US creative hub, based in Bellevue, WA, alongside its current publishing operations in Minneapolis, the North Shore of Boston, Southern California and New York City.
Quarto is paying a consideration of $9.8m together with a working capital adjustment payment capped at $1.0m and further deferred contingent consideration of up to $1.25m. An initial $2.3m is payable in cash and the Company has issued $7.5m in non-interest bearing promissory loan notes to McEvoy Group. The loan notes are repayable in three equal instalments of $2.5m each on 1 January 2017, 8 August 2017 and 8 August 2018. The working capital adjustment payment of up to $1.0m is payable in further cash payments of up to $0.5m each, payable on 31 July 2017 and 31 July 2018. The deferred contingent cash consideration of up to $1.25m is dependent on the profitability of the SmartLab’s business in 2018 and 2019.
The transaction is being financed out of the Group’s existing $90m multi-currency debt facility and is expected to be earnings enhancing in the first full year of ownership.
Information on becker&mayer
Headquartered in Bellevue, WA, becker&mayer was founded in the 1980s and is known for its expertise in creating unique publishing formats and developing successful series for publishing partners worldwide.
In the year ended 31 December 2015, becker&mayer reported revenues of $19.4m, earnings before interest tax, amortisation and depreciation (“EBITDA”) of $0.3m and a net loss before tax of $1.5m that included amortisation and depreciation of $1.8m. The EBITDA of the book publishing group business was $1.4m whilst the SmartLab business recorded a loss before interest tax, amortisation and depreciation of $1.1m. Gross assets were $25.0m.
The acquisition of the becker&mayer assets is consistent with Quarto’s stated strategy to grow both organically and by acquisition, and will further enhance the Group’s offering in both adult and children’s publishing, particularly in the USA. Approximately 50% of becker&mayer’s business, including SmartLab, is categorised as children’s publishing, which increases Quarto’s children’s publishing revenues by close to 30%. The acquisition means that Quarto’s US revenue will account for circa 45% of total group revenues. The SmartLab business will be re-engineered to include an emphasis on producing book-plus products that maximise the reach of Quarto’s sales channels worldwide.
Commenting on the acquisition, Marcus E. Leaver, Chief Executive of The Quarto Group, said:
"We have a close working relationship with becker&mayer and we admire their people, creativity and specialist knowledge. We approached them because we have long felt that they would make a good cultural and strategic fit. We are delighted that McEvoy has agreed to sell the business to us as it will be a new and exciting addition to Quarto’s portfolio in the USA. We will leverage its unique publishing assets across the world through our global operational, sales and marketing platform, enhancing value for shareholders within the first full year.”
Jack Jensen, President of The McEvoy Group, said:
"becker&mayer has been a cherished McEvoy Group asset over the past 11 years. As we looked to the future, we became convinced that the extensive customer base and global market reach of The Quarto Group was perfectly positioned to help becker&mayer reach the next level of growth. We are pleased that the accomplished becker&mayer team will be an important part of The Quarto Group’s future".
For further information please contact: The Quarto Group Dorothée de Montgolfier, Group Director of Communications 020 7700 9002
Bell Pottinger Elly Williamson Lucy Stewart 020 3772 2491
About The Quarto Group
The Quarto Group (LSE: QRT) is the leading global illustrated non-fiction book publisher and distribution group. Its mission is to make and sell great books that entertain, educate and enrich the lives of adults and children around the world.
Quarto creates and owns proprietary content, publishing books from a diverse portfolio of imprints that are creatively independent and expert in developing long-lasting content across specific niches of interest.
Quarto sells books across 45 countries and in 35 languages through a variety of traditional and non-traditional channels, while constantly looking for new ways to create and deliver content that people need.
Quarto employs over 400 talented people in the US, UK, Hong Kong, Australia and New Zealand. The group was founded in London in 1976. It is domiciled in the US and listed on the London Stock Exchange.
For more information, visit quartoknows.com or follow us on Twitter at @TheQuartoGroup.
LONDON, 20 July 2016 – The Quarto Group (LSE: QRT) is pleased to announce the following Leadership appointments, effective from 1 January 2017 and reporting to Marcus E. Leaver, Chief Executive Officer of The Quarto Group:
Ken Fund, currently President & CEO, Quarto Publishing Group USA, will become Chief Operating Officer of The Quarto Group.
In this new global role, Ken will lead the company’s commercial management. In addition to leading global Publishing Operations and global IT infrastructure and systems, Ken will now lead the Sales teams and be tasked with exploring new distribution channels and markets.
Ken has over 30 years of experience in the publishing industry and has been a successful, trusted and respected leader of Quarto for over 15 years. Prior to joining Quarto, Ken held several leadership positions at Dino DeLaurentiis Productions, Simon & Schuster and Harper Collins San Francisco. Ken is a graduate of SUNY Oswego and holds an MBA in Finance from Pace University.
David Breuer, currently Director, Quarto International Co-editions Group, will become Chief Creative Officer of The Quarto Group. In this new global role, David will lead the creative management of the business.
David joined Quarto in 2011. A graduate of Oxford University, he has worked for the art publishers Phaidon Press and with André Deutsch. He was Managing Director of the art publishers and bookshop chain Zwemmer, Commercial Director for the Royal Pavilion, Art Gallery and Museums of Brighton, and was for 15 years the Chief Executive of Royal Academy Enterprises organizing the business activities of London's Royal Academy of Arts. He is also the founder of Iqon Editions.
David Inman, currently Managing Director, Quarto Publishing Group UK will become Managing Director, Quarto Partners.
In this newly created role, David will manage our new entrepreneurial business, Quarto Partners. He will have ownership of Quarto’s distribution services across the US and the UK, with an objective to develop further distribution and partnership agreements. He will also manage Quarto’s international joint ventures and look for opportunities for growth around the world, in both English and foreign language.
David first joined Quarto as Sales and Marketing Director in 2009 before returning as Managing Director of Quarto Publishing Group UK in 2013, following a period with Templar Publishing. A graduate of Cambridge University, David began his career with Macmillan Publishers. In 1990, he co-founded TV tie-in publisher Boxtree which grew from a start-up company to an £8 million business, prior to its later acquisition by Macmillan. He then held several senior management positions with Hachette Illustrated in Paris and Octopus Publishing.
Quarto Foreign Rights, People and Communications will continue to report to CEO Marcus Leaver.
Marcus E. Leaver, CEO of The Quarto Group, commented: "Ken, David and David have been trusted senior leaders of Quarto for many years and I have every faith in them to make these new roles a success. These changes all support the next chapter of Quarto’s story, which we will fully unveil later this year. ###For Further InformationDorothée de MontgolfierGroup Director of Communications020 7700 9002About The Quarto GroupThe Quarto Group (LSE: QRT) is the leading global illustrated non-fiction book publisher and distribution group, whose mission is to make and sell great books that entertain, educate and enrich the lives of adults and children around the world.
For more information, visit quartoknows.com or follow us on Twitter at @TheQuartoGroup.
The figures are enough to make every publisher envious: a business that's 70% backlist, writes Liz Thomson. "That's a good position to be in," agrees Marcus Leaver, CEO of the Quarto Group. "As we look for growth both in our existing business and with any potential digital way forward, it makes life slightly easier knowing we have that solid foundation."
...In both the UK and US, the "tidying up" has seen the Aurum Publishing Group and Quayside Publishing Group names dispensed with in favour of the Quarto Publishing Group UK and USA, respectively. Together, those "traditional" publishing businesses represent 48% of Quarto turnover-a surprise to the many who think of Quarto merely as "the world's biggest packager".
...The continual re-invention of Quarto is key to Leaver in this dynamic and changing publishing environment. "Ken Fund who leads the US business has done an excellent job bringing about a re-bound in 2013 after a disappointing 2012. He re-conceived the entire business and has built an excellent senior team." He and his colleagues look for talent in both obvious and less obvious places-at Walter Foster, one key figure began her career at the LAPD! "We're not sitting at the Ivy looking to agents for the next book, so we need diversity because we need to come up with a lot of ideas.
...Quarto's ideal book is All New Square Foot Gardening by Mel Bartholomew, a Long Island retiree. "It was first published in 1981 and still it did over three-quarters of a million dollars last year." A second edition was published last month and Leaver is touching wood that Quarto has hit pay-dirt again with Straw Bale Gardens by Joel Karsten.
See the entire story, along with an org chart of Quarto imprints here.