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Transcender Sold to Kaplan

NEW YORK, Dec 22 (Reuters) - The Washington Post Co.'s (NYSE:WPO - News) Kaplan Inc. educational unit said on Monday it acquired practice test maker Transcender LLC, expanding its array of exam preparation products for computer professionals.

The deal was worth about $10 million in cash plus certain liabilities, Transcender's parent firm, Information Holdings Inc. (NYSE:IHI - News), said in a regulatory filing.

The Post Co., the publisher whose flagship newspaper is The Washington Post, recently recorded revenues from the Kaplan unit that surpass those from its newspaper operations.

Transcender makes practice exams and study materials for computer and information technology exams.

About Veronis Suhler Stevenson
Veronis Suhler Stevenson represented Transcender LLC, a wholly owned subsidiary of Information Holdings. VSS is a leading independent merchant bank dedicated to the media, communications and information industries, and has completed over 600 transactions since its inception in 1981. VS&A Communications Partners III, LP is the third private equity fund managed by Veronis Suhler Stevenson. Capitalized at $1 billion, it is one of the largest private equity funds dedicated exclusively to investments in the media, communications and information industries. Together with Fund III's predecessor funds, VS&A Communications Partners has invested in over 33 platform companies across numerous media segments; the realized and unrealized enterprise value of these investments total approximately $7 billion.


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