Bloomsbury Acquires Military and History Publisher Osprey
LONDON (Alliance News) – Bloomsbury Publishing PLC Monday said it has completed the acquisition of Osprey Publishing Ltd, an Oxford-based military and natural history publisher, from private equity ownership for GBP4.6 million in cash and shares.
In a statement, Bloomsbury said it acquired the publisher from The Third Alcuin Fund LP, a fund managed by Alcuin Capital Partners LLP, which specialises in making growth capital investments and supporting management buy-outs in smaller-middle market companies based in the UK.
Bloomsbury paid GBP3.2 million in cash on completion and 869,054 new shares to the value of GBP1.4 million, constituting about 1.2% of Bloomsbury’s outstanding share capital.
Osprey had about GBP300,000 of cash at the time of acquisition.