It is the leading industry news source for major companies across a number of industry verticals.Necessary cookies are absolutely essential for the website to function properly. The announcement added that it was also “expected to help accelerate the company’s growth and expansion in publishing and other media”.The approach for the acquisition came from Trustbridge, and was “based on their shared commitment to building quality content for children and Walker’s global reputation”. The sale will “strengthen Walker by providing a stronger capital base for expansion while also preserving the culture of the company as an independent and creatively-led organisation”, the announcement said, adding: “The group’s business strategy will remain sharply focused on promoting its multiple lists of original, award-winning, and bestselling titles for children and young adults, as well as the development of key franchises and properties via licensing and multimedia development.” No changes to operations are contemplated, and the group will continue to be led by longtime managing director Karen Lotz, with Roger Alexander continuing as non-executive chairman. No changes to operations are contemplated, and the group will continue to be led by longtime managing director Karen Lotz, with Roger Alexander continuing as non-executive chairman. Prior to the sale, Walker was majority-owned by trusts for the benefit of the group's officers and employees and their families. Prior to the sale, Walker was majority-owned by trusts for the benefit of the group's officers and employees and their families. Walker and Candlewick represent an exceptionally strong strategic fit for TGM, where the highest priority is placed on building children’s content of quality and enduring value for young people around the world.”Commenting on the transaction, Lotz gave credit to the important traditions of the company and the hard work of its broad base of employees, authors, and illustrators. These cookies will be stored in your browser only with your consent. “For the past 40 years, Walker has charted an independent path into markets around the world under the twin guiding lights of quality and a commitment to the primacy of reading in the lives of children and young adults,” she said. It also has interests in digital content, film and other media, and says it is focused on the “creation, development, and distribution of quality literature and entertainment that will endure for generations”.Owner Trustbridge Partners, with offices in Boston, Shanghai and Hong Kong, is a growth equity firm with approximately $8bn under management, which describes itself as “mission-driven” in its approach and with “a deep commitment to making positive change for people by investing in and managing consumer companies relentlessly focused on improving lives.”Vice-chairman of Trustbridge Partners Dan Sullivan said: “We are tremendously excited to be working with Karen Lotz and her colleagues. We also use third-party cookies that help us analyze and understand how you use this website. As a bookseller, we would prefer the romantic idea of a publisher having independent integrity and making its own decisions but business is challenging, so if any injection of cash can protect the company it is probably a smart move to have the backing of a company with deep pockets.”Company News HQ is a global business news portal. It also has interests in digital content, film and other media, and says it is focused on the "creation, development, and distribution of quality literature and entertainment that will endure for generations".Owner Trustbridge Partners, with offices in Boston, Shanghai and Hong Kong, is a growth equity firm with approximately $8bn under management, which describes itself as "mission-driven" in its approach and with "a deep commitment to making positive change for people by investing in and managing consumer companies relentlessly focused on improving lives. Walker Books had been owned by its employees. Working with the best authors and illustrators we create books for all ages, from babies to teenagers - books your child will grow up with and always remember. Walker Books and its global subsidiaries, which include Candlewick Press, have been acquired by Trustbridge Global Media, the global children's content company formed in 2016 by growth equity firm Trustbridge Partners.