Announced
Financials
Sources
Tags
United States
Private
Private Equity
educational technology
Acquisition
Education Services
Single Bidder
Pending
Friendly
Minority
Synopsis
Atairos, an independent private company focused on supporting growth-oriented businesses, made an investment in ProQuest, a global leader in educational technology. Financial terms were not disclosed. "We're delighted to welcome the partnership of this like-minded investor. Like CIG, Atairos brings a long-term perspective and values relationships with the management teams of the companies it invests in. It's committed to supporting sustainable growth for ProQuest. I'm equally happy that Goldman Sachs will remain an investor. They have been a value-added partner over the past six years and we're grateful for their continuing support," Andy Snyder, CIG CEO, and ProQuest Chairman.
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