UK: Cambridge Information Group buys Emerald
Cambridge Information Group (CIG) has acquired academic and social science publishing house Emerald Group.
Founded in 1971 and currently headquartered in New York with additional offices in Bethesda, Maryland, CIG is a family-owned investment firm which backs education, information, and software companies.
Emerald is a publisher of academic journals, books, and case studies in the social sciences based in Bingley, West Yorkshire, which recently diversified into corporate learning through a suite of acquisitions which now form Emerald Works.
Vicky Williams, chief executive of the Emerald Group, said: “Noting CIG’s heritage in the information industry and their mission to acquire and build businesses that have a positive impact on large numbers of people, we’re excited about both mission alignment and the growth path ahead of us.
“Our ambition to drive positive change and publish impactful research that makes a difference will be bolstered significantly by the expertise in the CIG team, and we look forward to an exciting future driven by shared values.”
Pankaj Sharma, head of private investments for CIG, said: “We are thrilled to welcome the Emerald Group to the CIG family and are excited about the opportunity to invest in building a global leader serving the critical needs of higher education research and learning. Given our family ownership and decades of experience building global information services businesses, we are uniquely positioned to help continue Emerald’s purpose of helping people making impactful decisions.”