The unwinding of Osprey Publishing is complete with the announcement Monday that the company has been sold to Bloomsbury for £4.6 million in cash and stock. (Of that, £3.2 million is in cash, paid to private equity owners Alcuin Capital.) Bloomsbury says the business had sales of £7 million in 2013, over half of which comes from outside of the UK — mostly in the US — with almost no profit. Bloomsbury was considered a leading candidate to buy Osprey, mentioned along with Hachette UK in October. In June Osprey closed their Strange Chemistry Exhibit A imprints and the company was engaged […]
