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Goldman Sachs buys stake in ProQuest

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The Associated Press | November 4, 2013 08:15 PM EST | AP


ProQuest said Monday that investment banki Goldman Sachs will buy a minority stake in the research and information company, including the stake held by private equity firm ABRY Partners.

Financial terms of the deal were not announced.

ProQuest, which is based in Ann Arbor, Mich., manages online research solutions used by universities, libraries, schools and corporations.

After the deal, Goldman Sachs Group Inc. will join majority shareholder Cambridge Information Group as a partner in ProQuest.