|Weekly News Digest
September 14, 2009 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.
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Private Equity Firm Acquires National Archive Publishing Co.
Superior Capital Partners, LLC (www.superiorfund.com), a Detroit-based private equity firm, announced that it has formed NAPC Holdings, LLC, an investment platform that was created to acquire the assets of Ann Arbor, Michigan-based National Archive Publishing Co. (NAPC; www.napubco.com) in a secured party sale. NAPC Holdings will operate the business through two new subsidiaries, XanEdu Publishing, Inc. and NA Publishing, Inc. The purchase price was not disclosed.
XanEdu Publishing, Inc. is a publisher of customized educational coursepacks for the higher education market. XanEdu provides its university customer base with a trusted source for copyright clearance and innovative hosting and delivery capabilities. XanEdu's technology-based approach to coursepack compilation and delivery has accelerated the adoption of participant-centered, interactive learning in many leading universities. XanEdu's customer base includes 75% of the top 50 business schools in the country.
NA Publishing, Inc. provides microform archiving of periodicals and journals for the library, higher education, and healthcare markets. NA Publishing's Periodicals in Microform program comprises an historical archive of journals and magazines, with more than 20,000 titles available in multiple archive quality formats.
The strategy of Superior is to combine capital, transaction experience, and operational improvement expertise with proven management teams who have the vision, capability, and commitment to successfully improve and grow their businesses. Superior seeks to acquire or recapitalize niche manufacturers, value-added distributors, and specialty service companies. Generally, these companies will have annual revenues of $30-$150 million, hold strong market positions, and have identifiable growth opportunities.
NAPC was formed in 2005 by prior members of the ProQuest management team (http://newsbreaks.infotoday.com/NewsBreaks/ProQuest-Sells-Periodical-Microfilm-and-Coursepack-Businesses-to-Newly-Formed-Company-16086.asp). In mid-2009, ProQuest bought back the microfilming assets from NAPC (http://newsbreaks.infotoday.com/Digest/ProQuest-Buys-Back-NAPC-Microfilming-Assets-54993.asp).
Source: Superior Capital Partners, LLC
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