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Friday, 11th May 2007

Thomson Sells Thomson Learning (Including Thomson Gale) for $7.75 Billion

Thomson Sells Thomson Learning (Including Thomson Gale) for 7.75 Billion
Another deal in the info industry. We have known that Thomson Learning was on the block since the end of October 2006 and even noted it earlier this week when we posted about a Thomson bid for Reuters. In March, Wolters Kluwer sold its education division. Last December, ProQuest sold ProQuest Information and Learning to Cambridge Information Group. The deal became official in February. Also, in December of last year, SIRSI/Dynix was acquired by Vista Partners.

Fast Facts:
Acquisitions
++ Apax Partners (Apax) acquires higher education, careers and library reference assets of Thomson Learning.

++ OMERS Capital Partners (OMERS)
A consortium of funds advised by OMERS and Apax will acquire Nelson Canada

+ Combined total value of approximately $7.75 billion in cash.

+ Deal set to close (of course, regulatory issues will need approval) in Q3 2007.

Apax Partners

Apax Partners is a global private equity group that invests in five industry sectors. (Tech & Telecom, Retail & Consumer, Media, Healthcare, Financial and Business Services). Founded more than 30 years ago, the firm uses its sector expertise, deep local presence and broad global platform to create value for its stakeholders.

Apax has offices in New York, London, and Tel Aviv.

In the media industry, Apax owns a part of Yell, the online classified and directory business in the UK (Yell UK), U.S. (Yellow Book USA) and elsewhere. They acquired (with others) the Yell Group in 2001 from BT. See this timeline. Other investments include Incisive Media and World Directories.

Incisive Media recently acquired VNU's Business Publications and in 2005, acquired Search Engine Strategies from Jupitermedia.

OMERS Capital Partners
Direct investments include:
CCN Mathews and TeraGo Networks. Fund partnerships listed here. Company is based in Toronto

See Also: Consortium Buys Thomson Learning for $7.8 Billion (via PW)

See Also: Thomson Selling Assets to Private Group (via AP)

See Also: Thomson to Sell Learning Assets for $7.75 Billion (Bloomberg)

See Also: ProQuest Information and Learning Goes to CSA: What Now? (via InfoToday)

See Also: Another Major Deal Announced at the End of 2006 Was the Acquisition of SIRSI/Dynix by Vista Equity Partners and ">Then Announced the Company Would Consolidate Platforms (via Information Today)


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