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Osprey on lookout for new buys after refinancing
01.01.70 | Graeme Neill
Osprey Group has completed a "major" refinancing to fund expansion.
The publisher, which targets enthusiasts in specialist areas such as military history, heritage and antiques, has obtained £4m from London-based private equity firm Alcuin. It will now have a controlling interest in the group and the majority of the injected capital will be devoted to further acquisitions.
Osprey m.d. Rebecca Smart said the refinancing followed an expansionary period that involved the acquisition of history publisher Shire Books in 2007, science fiction house Angry Robot in 2011 and Old House Books & Maps in 2011. She said: "We have successfully managed to grow Shire at 50% year-on-year in 2010 as well as launching Angry Robot in the USA within three months of acquiring it. We have a clear focus on creating content for niche enthusiast markets and welcome the flexibility and reach that Alcuin's investment gives us."