Deal Snapshot
ATAIROS ACQUIRES OWNERSHIP STAKE IN PROQUEST
Wednesday 22 May 2019

Pennsylvania, US-based investment management firm Atairos has acquired an ownership position in Michigan, US-based educational technology company ProQuest, the company said.
ProQuest said it will use the proceeds from the transaction to repurchase most of the shares owned by entities affiliated with the Merchant Banking Division of Goldman Sachs, which will retain a minority interest in the company. Cambridge Information Group (CIG) will maintain its majority ownership of ProQuest.


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Details
Date Published: 22/05/2019
Target: ProQuest
Country: USA
Sector: Media
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Atairos
Comment:
Terms of the deal were not disclosed

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