ASHLAND, OH -- Bendon Publishing International, Inc., a leading and fast growing publisher of children’s books, including coloring and activity books, board books and learning cards, announced that Kappa Investment Group, LLC (“Kappa”), an affiliate of Kappa Media Group, Inc. and Kappa Graphics, LP located in Fort Washington, Pa., has acquired an equity position in the Company.
The investment by Kappa is a result of its agreement to acquire the present equity interests of Brand Equity Ventures I, LP, Brand Equity Ventures II, LP (collectively, “BEV Capital”) of Stamford, Conn. as well as the interests of certain warrant holders.
“Kappa’s investment in Bendon will bring together two organizations with complementary strengths that serve similar markets,” Nicholas Karabots, Chairman of Kappa, stated. “I am pleased that Bendon’s founders – the source of Bendon’s strong growth – have enthusiastically endorsed Kappa’s investment and co-joining of interests. I’d like to thank both them and those within Kappa for their collective vision and effort to make this transaction a reality.”
“This transaction allows us to replace a financial partner with a strategic partner who shares our vision and goal to continue our rapid growth within the publishing industry, plus it opens up strategic opportunities for both companies,” said Benjamin Ferguson, President, Bendon Publishing.
The Kappa transaction is expected to close within the third quarter of 2007.
ABOUT BENDON PUBLISHING
Bendon Publishing International Inc., based in Ashland, Ohio, produces a product line that includes coloring and activity books, educational workbooks, flash cards and complete learn-at-home sets, game cards, picture, board, pop-up and novelty books, puzzles, gift and travel packs. The company holds license agreements for Angelina Ballerina, Arthur, Barbie™, Barney, Bob The Builder, Brainy Baby, Candyland, Disney, Disney Princess, Disney's Little Einsteins™, El Chavo, Garfield, Hello Kitty, Jakers, John Deere™, Littlest Pet Shop, Marvel Heroes, Mr. Potato Head, My Little Pony, NASCAR, NBA, Peanuts, Precious Moments, Sesame Street, Sesame Beginnings, Spiderman, Thomas and Friends, Tonka, Tweety, and Winnie the Pooh. For more information, visit www.bendonpub.com.
Kappa Media Group, Inc. and its Subsidiaries, located in Fort Washington , Pa., are the largest publishers of puzzle magazine product in the US with additional specialties in the sports and entertainment field. Kappa Graphics, LP, located in Pittston, Pa., is a publication printer and publisher of puzzle books, children's activity books and licensed specialty product sold principally in the US and Canada. For more information, visit www.kappapublishing.com.
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