PA manifesto backs market inquiry
A government-initiated inqu...
Journals process ripe for change
The “really terrible&...
Frontiers is major winner at ALPSP innovation awards
Open science platform Front...
Juncker Commission moves copyright enforcement
Responsibility for Europe...
Grayling: judges 'will fall out' over Man Booker win
A C Grayling, chair of the ...
Osprey on lookout for new buys after refinancing
20.06.11 | Benedicte Page
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."