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They expect gross cash of 拢36 million at completion, 拢6 million a year later, and another 拢10 million “based on timing and realization of certain tax assets within the High Street business.” The deal is expected to close in the final quarter of the company’s fiscal year, ending August 31. The company is represented by Greenhill & Co. International for financial advising and Herbert Smith Freehills for legal advising. During a “short transitional period,” the <a href="https://lunch.publishersmarketplace.com/2025/03/wh-smith-to-sell-bookstores-to-modella-capital/" style="text-decoration:none;">…</a></p> </div> <div class="BodyBig Blue" style="font-weight:700; line-height:17px;"> <a href="https://lunch.publishersmarketplace.com/2025/03/wh-smith-to-sell-bookstores-to-modella-capital/">Read Full Article</a> </div> </div> </div>  <div class="MoreLunch"> <div class="SubheadBig Blue" style="padding-bottom:20px;"> <a class="ahov" href="https://lunch.publishersmarketplace.com/">More Lunch News</a> </div> <div class="MoreLunch-item" style="border:0;"> <img class="Icon Lift2" src="/images/Lock-Fill.svg" alt="Lock-Fill"> <span class="BodyBig" style="padding-right:4px;"> <a href="https://lunch.publishersmarketplace.com/2025/03/the-edit-nonfiction-reads-for-spring-and-summer/">The Edit: Nonfiction Reads For Spring And Summer</a> </span> <span class="Dateline">Today</span> </div> <div class="MoreLunch-item"> <img class="Icon Lift2" src="/images/Lock-Fill.svg" alt="Lock-Fill"> <span class="BodyBig" style="padding-right:4px;"> <a href="https://lunch.publishersmarketplace.com/2025/03/january-trade-sales-fell-slightly/">January Trade Sales Fell Slightly</a> </span> <span class="Dateline">Yesterday</span> </div> <div class="MoreLunch-item"> <img class="Icon Lift2" src="/images/Lock-Fill.svg" alt="Lock-Fill"> <span class="BodyBig" style="padding-right:4px;"> <a href="https://lunch.publishersmarketplace.com/2025/03/sutherland-house-acquires-fitzhenry-whiteside/">Sutherland House Acquires Fitzhenry & Whiteside</a> </span> <span class="Dateline">Yesterday</span> </div> <div class="MoreLunch-item"> <img class="Icon Lift2" src="/images/Lock-Fill.svg" alt="Lock-Fill"> <span class="BodyBig" style="padding-right:4px;"> <a href="https://lunch.publishersmarketplace.com/2025/03/hunger-games-prequel-sells-1-5-million-copies-in-first-week/">Hunger Games Prequel Sells 1.5 Million Copies In First Week</a> </span> <span class="Dateline">Yesterday</span> </div> </div>  </div>  <div class="Callout-flex"> <div class="Callout"> <div class="SubheadBig Blue">Deal of the Day</div> <div class="Body DotD"> NYT-bestselling author of <a href="https://bookshop.org/a/1694/9780374389406">A TEMPEST OF TEA</a> and <a href="https://bookshop.org/a/1694/9781250250797">WE HUNT THE FLAME</a> Hafsah Faizal's Blade of Honey romantasy duology, pitched as a twisted, cat-and-mouse The Bachelor with a dash of Cinderella, following a girl who cons her way into a coveted invitation to compete for the king's hand in marriage, but she doesn't want to be queen, she wants to drive a dagger through his heart, plus a standalone novel, to <a class="dealmaker" href="https://www.publishersmarketplace.com/dealmakers/detail.cgi?id=1620">Janine O'Malley</a> at <a class="dealmaker" href="https://www.publishersmarketplace.com/dealmakers/detail.cgi?id=4175">Farrar, Straus Children's</a>, in a major deal, for … <a href="/deals/display.cgi?deal_no=511120">read more</a> </div> <div class="Callout-footer"> <button class="Button-rad-fill" onclick="location.assign('/deals/')">View all deals</button> <span class="SubheadSmall"> <span class="Deal-bar">|</span> <span class="Deal-report"><a href="/deals/report.cgi" style="border:0;">Report a Deal</a></span> </span> </div> </div> <div class="Callout"> <div class="SubheadBig Blue">PM BookScan</div> <div class="Body Callout-NPD"> <div style="float:left; margin-top:3px; margin-left:-4px; width:120px; padding-bottom:8px;"> <img src="/images/circana-trim.svg" style="width:100px; height:auto;"> </div> <div> Circana Publishers Marketplace BookScan offers reasonably priced access to the same comprehensive weekly sales data used by book publishers. The primary service provides unlimited searches and downloads of print book sales data, as an annual subscription. Print data subscribers can also add an ebook sales upgrade, which tracks ebook sales reported by hundreds of publishers on a monthly basis, as well as a new digital audio upgrade, which reports sales from six publishers and is the first available dataset for this fast-growing segment. </div> </div> <div class="Callout-footer"> <button class="Button-rad-fill" onclick="location.assign('/bookscan/about.cgi')">Learn More</button> </div> </div> <div class="Callout"> <div class="SubheadBig Blue">Feature Me</div> <div class="SubheadSmall" style="margin-bottom:16px;">Your Book Here</div> <div class="Byline" style="margin-bottom:32px;">Company Title</div> <div class="Body" style="margin-bottom: 88px;"> Promote your book, look for representation, congratulate your author, announce your prize and more before publisher鈥檚 most attentive audience in this high-profile, affordable spot. </div> <div class="Callout-footer"> <button class="Button-rad-fill" onclick="location.assign('/featured/')">Get Featured</button> </div> </div> </div> <div class="fill24"> </div> </div>  <div class="Section"> <div class="Lunch-flex" style="align-items:flex-start;"> <div style="width:calc(100% - 400px); 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