Goldman will join majority shareholder Cambridge Information Group as a partner in the business, which attempts to increase the productivity of students by providing digital learning resources from historical archives to scientific breakthroughs.
No financial terms were disclosed. Cambridge bought the business for $222m in 2007 with minority backing from Abry.
Goldman Sachs managing director Bradley Gross said, “ProQuest has an industry-leading management team and a world-class product offering, with a well-deserved reputation for quality customer service.
“We are delighted to have the opportunity to partner with ProQuest and look forward to working together.”
Veteran private equity firm Abry has been targeting close to $1bn for its latest mezzanine debt vehicle.
The Boston-based firm was looking to secure $950m of commitments for ABRY Senior Equity IV, according to a filing with the US Securities & Exchange Commission 12 months ago.
The Illinois Municipal Retirement Fund has already agreed to commit $25m to the fund, according to public disclosures.
It is unclear whether Abry has closed the vehicle.
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