Springer Science Sold To Private Equity Consortium

Springer Science + Business Media

German academic publisher and online data group Springer Science + Business Media is to be sold to Swedish PE group EQT and the Government of Singapore Investment Group (GIC), ending a lengthy sales effort by Springer’s PE owners Cinven and Candover. The buyers plans to invest in the debt-laden business and agree a new refinancing package, removing pressing concerns over its profit-to-debt ratio. EQT will take a 82 percent stake with GIC taking the rest.

Price isn’t mentioned in the release but Bloomberg reports that the deal values Springer at

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