2012Sonenshine Partners Co-Advises ProQuest
Company on the Sale of its Information and Learning
Division to Cambridge Information Group for $222 Million
Company Press Release
December 20, 2006
New York, N.Y. - Sonenshine Partners today announced
that it co-advised ProQuest Company (NYSE:PQE), a publisher
of information and education solutions, on the $222M
sale of its Information and Learning Division to Cambridge
Information Group.
This transaction is subject to customary closing conditions and regulatory approvals, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. ProQuest anticipates closing the transaction with CIG after receiving regulatory approvals.
ProQuest Company (PQE: NYSE) is based in Ann Arbor, Michigan, and is a publisher of information and education solutions.
ProQuest Information and Learning is a world leader in collecting, organizing, and publishing information for researchers, faculty, and students in libraries and schools. It is widely known for its strength in business and economics, general reference, genealogy, humanities, social sciences, and STM content, as well as award-winning search technology. The Company develops premium research solutions comprising periodicals, newspapers, dissertations, out-of-print books, and other scholarly information from more than 9,000 publishers worldwide. Users access the information through the ProQuest® Web-based online information system, Chadwyck-Healey® electronic and microform resources, UMI® microform and print reference products, eLibrary® and SIRS® educational resources, and Serials Solutions e-resource access and management solutions.
Cambridge Information Group (CIG) is a privately owned group of information services and publishing companies and educational institutions located around the world. CIG provides strategic direction, financial planning and management oversight to its operating companies, facilitating their growth and success. CIG is the parent company to CSA, R.R. Bowker, RefWorks, and Corporate Educational Services, owner of the Sotheby’s Institute of Art, as well as the largest shareholder of Navtech, Inc. (“NAVH.OB”).
Sonenshine Partners is a leading independent investment bank focused on providing integrated strategic, financial and corporate advisory services. The firm was founded in 2000 and is headquartered in New York City.