Seems Odd To Me

But I know that textbooks are expensive; it will be interesting to see if this firm can spin gold from what Reed Elsevier and others believe is just straw: Deals in Textbook Business Make Irishman a Leader in U.S. Publishing

Analysts say private equity has been attracted to the educational business by steady cash flows, a relative lack of competition and expectations that spending will increase in the coming years as states like California step up textbook replacement programs.

Yet companies like Reed Elsevier, Thomson and Wolters Kluwer have been willing to leave the business because educational publishing has lagged behind areas like medical, legal and scientific publishing in the shift to digital distribution, analysts say.