Atairos Takes Minority Stake in ProQuest

May 17, 2019

Atairos has acquired an ownership position in ProQuest, with ProQuest using proceeds to repurchase most shares held by entities affiliated with the Goldman Sachs Merchant Banking Division. Cambridge Information Group remains the majority owner and Goldman Sachs will retain a minority interest; the investment from Atairos is intended to support ProQuest's continued product innovation and global growth.

Buyers
Atairos
Targets
ProQuest
Sellers
Entities affiliated with the Merchant Banking Division of Goldman Sachs
Industry
Education
Location
Michigan, United States
Transaction Type
Growth capital

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