Press Release: Canelo acquires Hera Books
We are delighted to announce that the inclusive, commercial publisher Hera Books Ltd has been acquired by Canelo.
The two companies have worked together successfully from Hera’s inception, with Canelo providing publishing services and support. This move recognises a natural strategic and operational fit, and will create fresh opportunities to build stronger readerships and a broader retailer offer. Hera has an extraordinary track record of publishing high-quality and bestselling authors, who include Alex Kane, Kiley Dunbar, Victoria Walters and Charly Cox, amongst many others. Co-founder and MD Lindsey Mooney has decided to leave Hera to pursue other opportunities, while Keshini Naidoo will remain as Hera’s Publishing Director. Hera becomes a wholly owned subsidiary of Canelo, and Iain Millar will become Hera’s MD in addition to his responsibilities at Canelo. The acquisition of Hera consolidates Canelo’s position as one of the fastest-growing publishers of recent years, and will help it achieve ambitious multi-million growth plans.
Iain Millar, Managing Director of Canelo said: ‘We were thrilled to work with this fantastic team as it launched and then took off. This next phase should mean both Hera and Canelo have even more impact. I’d particularly like to pay tribute to Lindsey, whose role in forging a thriving business cannot be underestimated, and to Keshini, who we are delighted to welcome to Canelo. They’ve put everything into building Hera, and with the author list they’ve put together, it’s no wonder the company is flourishing. We can’t wait to help continue that journey.’
Lindsey Mooney said: ‘It’s been an incredible few years launching and running Hera, and I’m so proud of the books and company we have built. With Hera reaching a sustainable place, it felt like the right time to try some new things, and I’m delighted that Hera has such a firm foundation for the future. Canelo has been exceptionally supportive of us and I know that Hera will go from strength to strength with their support and Keshini’s editorial nous. They will remain good friends. I will be cheering it and our brilliant authors on.’
Keshini Naidoo said: ‘Building Hera alongside one of my oldest friends has been one of my biggest life achievements, and I could not be prouder of everything we have accomplished as a team. Despite the many challenges, we have created a dynamic publishing house with fantastic authors and market-led titles, offering a breadth of page-turning, quality fiction. I’m so excited to see how Hera will soar to even greater heights under Canelo’s aegis, whilst still retaining our core values of being ‘unashamedly commercial and always inclusive.’