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Article: ABRY Partners Supports Cambridge Information Group in Acquisition of ProQuest Information and Learning.
- Article from:
- Business Wire
- Article date:
- February 12, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON -- Supported by ABRY Partners, LLC, Cambridge Information Group (CIG) closed today its previously announced transaction with ProQuest Company (NYSE: PQE) and acquired ProQuest Information and Learning. CIG will combine its Bethesda, Maryland-based CSA subsidiary with Ann Arbor, Mich.-based ProQuest Information and Learning to create a new, privately held independent company, ProQuest-CSA.
The transaction, valued at $222 million, was backed by an equity investment in ProQuest-CSA from ABRY. Morgan Stanley Senior Funding and Goldman, Sachs Credit Partners L.P. arranged the financing for the transaction.
ProQuest-CSA will serve a combined customer ...