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South Franklin Street Partners Provides Mezzanine Financing to National Archive Publishing Company
Cleveland, Ohio (October 28, 2005) -- South Franklin Street Partners’ Mezzanine Fund (ACP-I, L.P.) provided subordinated debt (with detachable warrants) to National Archive Publishing Company (“NAPC” or the “Company”) to purchase three divisions, UMI Periodical Microfilm Business (“UMI Journals”), XanEdu, and the Microfilm and Digitization Service operations from ProQuest Company (NYSE: PQE).
UMI Journals manufactures and distributes periodical microfilm, licensing content from 8,000 publishers for approximately 20,000 periodical titles (e.g. magazines, journals, newsletters, etc.) for research and collection needs at colleges, universities, and large and small libraries across the United States.
XanEdu is a leading provider of course packs for colleges and universities throughout the United States providing professors copyright clearance from one of the world's largest content archives and students premium content in digital and/or print formats.
NAPC will also manufacture microfilm and digital content for ProQuest within its Microfilm and Digitization Service operations.
The investment in NAPC, headquartered in Ann Arbor, Michigan, was made in support of Management’s acquisition of the Company.
About South Franklin Street Partners
South Franklin Street Partners, through its mezzanine fund, ACP-I, L.P., is in the business of investing junior capital in middle market companies with annual revenues between $10 million to $150 million. ACP-I utilizes its capital to fund buyouts of minority or majority shareholders, ESOPs, non control recapitalizations, generational transfers, acquisitions, or to facilitate the growth of profitable middle market businesses. ACP-I's target investment size is $2 million to $10 million but can provide additional capital in conjunction with affiliated investors. ACP-I normally invests subordinated debt with warrants or preferred stock with an equity participation feature. Other structures will be considered, where appropriate.
South Franklin Street Partners provides Senior Subordinated Debt to Gateway Distribution, Inc.
South Franklin Street Partners Provides Subordinated Debt to Great Western Products Company.
South Franklin Street Partners Provides Subordinated Debt and Equity to Swiss-Tech, LLC.
South Franklin Street Partners Provides Senior Subordinated Debt to Precision Technology, Inc.
South Franklin Street Partners Provides Senior Subordinated Debt and Preferred Stock to Support Buyout of Brantley Trucking
South Franklin Street Partners Provides Senior Subordinated Debt and Preferred Stock to Support Buyout of National Mobile Television
South Franklin Street Partners Provides Mezzanine Financing to National Archive Publishing Company
South Franklin Street Partners Provides Senior Subordinated Debt to Rutland Plastics, Inc.
South Franklin Street Partners Provides Senior Subordinated Debt to Gerli & Co., Inc.
South Franklin Street Partners Provides Senior Subordinated Debt to Continental Holdings, Inc.
South Franklin Street Partners Provides Mezzanine Financing To Wessels Company
South Franklin Street Partners Provides Mezzanine Financing to Hedwin Corporation
South Franklin Street Partners Provides Senior Subordinated Debt to MC Assembly, Inc.
South Franklin Street Partners Announces Final Closing Of Its Mezzanine Fund
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