Houlihan Lokey Advises Hindawi

Houlihan Lokey is pleased to announce that Hindawi has been acquired by John Wiley & Sons, Inc. (Wiley) for an enterprise value of $300 million. The transaction closed 31 December 2020.

Founded in 1997, Hindawi is an academic publisher with more than 200 peer-reviewed, open-access journals covering all areas of science, technology, and medicine (STM). The company also manages journals on behalf of third-party publishers such as academic societies looking to transition to open access. Hindawi’s technology capabilities allow publishers and societies to manage their open-access journals, while providing a seamless publishing experience for authors, editors, and reviewers. The company is projected to generate c. $40 million of revenue in its fiscal year ending December 31, 2020, with year-over-year growth at c. 50%.

Wiley drives the world forward with research and education. Through publishing, platforms, and tech-enabled services, it helps researchers, professionals, students, universities, and corporations to achieve their goals in an ever-changing world. For more than 200 years, Wiley have delivered consistent performance to all their stakeholders. The company's website can be accessed at www.wiley.com.

Houlihan Lokey served as the exclusive financial advisor to Hindawi on its sale to Wiley. This transaction builds on the firm’s market-leading position in the academic research and IP sector. Other recent Houlihan Lokey transactions in the sector include acting for TrademarkNow on its sale to Corsearch; SciBite on its sale to Elsevier; MultiLing on its sale to Questel; Incopro on its equity raise from Highland Europe; Warburg Pincus on the sale of ipan to Castik Capital; PatentSight on its sale to Reed Tech; Dove Press on its sale to Informa; and Chipworks on its sale to TechInsights.

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