Tuesday, February 27, 2007
NEW YORK, February 9, 2007-- Berkery, Noyes & Co., LLC, one of the leading independent investment banks serving the media, information and technology markets, announced that it represented Los Angeles-based Roxbury Publishing Company (Roxbury), a publisher of higher education books in its sale to Oxford University Press (OUP). Terms of the transaction were not disclosed.
Roxbury is a publisher of textbooks, books and anthologies intended for adoption in college-level courses principally in sociology, criminology, criminal justice, speech communication, and political science. Claude Teweles, President of Roxbury, built the company’s leading position in these disciplines over the past 25 years.
“This transaction unites two well respected names in the academic publishing markets,” said Mary Jo Zandy, the Managing Director of Berkery, Noyes who handled the transaction. “It also reflects the continuing mutual need of major publishers to gain greater access to high-quality content and the need among smaller, independent publishers to benefit from an acquirer’s global distribution.”
Berkery, Noyes & Co., LLC acted as financial advisor to Roxbury, and represented it in its negotiations with Oxford University Press. Berkery Noyes has been involved with many of the most notable transactions in the academic publishing, information, and scientific-technical-medical sectors, including those involving Reed Elsevier, Wolters Kluwer, Thomson and many others.
About Roxbury Publishing Press
Roxbury Publishing Company publishes textbooks, anthologies and supplemental books for the college market. It is a leading college publisher of sociology, criminology, criminal justice, speech communication, and political science titles. Its lineup of leading authors include: Cullen & Agnew, Hess/Stein/Farrell, and Akers & Sellers, among others.
About Oxford University Press
The publishing arm of the prestigious Oxford University Press is perhaps the most diverse publisher of its type. It publishes in many countries in a variety of different languages, for all levels, and across virtually the whole range of academic disciplines. Oxford University Press is particularly famous for its dictionaries and reference works. Roxbury will be integrated into Oxford’s college textbook publishing business.