DGAP-News: Springer Science+Business Media moves closer to an IPO
(firmenpresse) - DGAP-News: Springer Science+Business Media / Key word(s): IPO
Springer Science+Business Media moves closer to an IPO
14.06.2013 / 09:30
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The information contained herein is not for publication or distribution in
or into the United States of America, Canada, Japan or Australia.
PRESS RELEASE
Springer Science+Business Media moves closer to an IPO
- Transformation into a German stock corporation completed
- Constitution of the Supervisory Board of Springer Science+Business
Media AG
- Owners and management focus exclusively on planned IPO
Berlin, 14 June 2013 - In the course of the preparations for the planned
initial public offering (IPO) of Springer Science+Business Media, the
transformation of the former Springer Science+Business Media Deutschland
GmbH into a stock corporation, Springer Science+Business Media AG
(Springer), has been completed.
Manfred Wennemer has been elected Chairman of the Supervisory Board of
Springer Science+Business Media AG. Mr Wennemer has been Chairman of the
Board of the indirect shareholder Springer Science+Business Media S.A.
since 2010.
The Supervisory Board of Springer Science+Business Media AG consists of six
highly-qualified online media and financial experts. Thomas Rabe, Hjalmar
Winbladh, Marcus Brennecke and Robin Jarratt have also already been members
of the Board of Springer Science+Business Media S.A. The Supervisory Board
is completed with the appointment of Simone Blank, who has been elected
chairwoman of the audit committee.
Derk Haank (CEO), Martin Mos (COO) and Ulrich Vest (CFO), who served as the
managing directors of the company prior to the transformation, have been
appointed to the management board.
The management and the indirect shareholders, funds managed by EQT Partners
AB and GIC Special Investments Pte Ltd, which have emphasized from the
beginning an IPO as the preferred option, have decided to focus exclusively
on their plan for a listing of Springer on the Frankfurt Stock Exchange.
Marcus Brennecke, Partner at EQT Partners, said: 'We have been privileged
to participate in the strategic evolution of Springer over the last three
years to a digital leader in the global STM publishing market and are very
excited by the prospect of taking the company public on the Frankfurt Stock
Exchange. We strongly believe in Springer's platform for further growth and
value creation. We look forward to supporting the company through its next
exciting phase.'
The planned IPO should give the company direct access to capital markets
and increase its financial flexibility. As a result, Springer, as one of
the leading scientific, technical and medical (STM) publishers, is expected
to be in an even better position to benefit from the growth trends in this
highly attractive market.
Derk Haank, CEO of Springer, said: 'Springer's IPO will represent a major
milestone on the project we initiated almost ten years ago to create an
innovative and leading online academic publisher. A public listing is the
natural next step for the company and will help us to serve our customers
and drive growth while allowing shareholders to continue to benefit from
Springer's potential for equity value creation.'
The members of the Supervisory Board of Springer Science+Business Media AG
include:
- Manfred Wennemer (Chairman)
Chairman of the Board of Springer
Science+Business Media S.A. Other mandates include the position as
Member of the Supervisory Board of Allianz Deutschland AG, Vice
Chairman of the Supervisory Board of Knorr Bremse AG, and Chairman of
the Board of Directors of Sulzer AG.
- Thomas Rabe
Member of the Board of Springer Science+Business Media
S.A. Other mandates include the position as Chairman of the Executive
Board and Chief Executive Officer of Bertelsmann Management SE,
Chairman of the Board of Directors of RTL Group S.A., Chairman of the
Supervisory Board of Druck- und Verlagshaus Gruner + Jahr AG, and
Chairman of the Supervisory Board of Symrise AG.
- Hjalmar Winbladh
Member of the Board of Springer Science+Business
Media S.A. Other mandates include the position as Chairman of Rebtel
Networks AB and Non-executive Board Member of Epidemic Sound AB.
- Simone Blank
Chief Financial Officer of Sirona Dental Systems Inc. and
Sirona Dental GmbH.
- Marcus Brennecke
Member of the Board of Springer Science+Business Media
S.A. and Managing Director of EQT Partners GmbH.
- Robin Jarratt
Member of the Board of Springer Science+Business Media
S.A. Other mandates include the position as head of the European direct
investment group of GIC Special Investments Pte Ltd.
Springer Science+Business Media (www.springer.com) is a leading global
scientific, technical and medical publisher, providing researchers in
academia, scientific institutions and corporate R&D departments with
quality content via innovative information products and services. Springer
is also a trusted local-language publisher in Europe - especially in
Germany and the Netherlands - primarily for physicians and professionals
working in healthcare and road safety education. Springer published roughly
2,200 English-language journals and more than 8,000 new books in 2012, and
the group is home to the world's largest STM eBook collection, as well as
the most comprehensive portfolio of open access journals. In 2012, Springer
Science+Business Media generated sales of approximately EUR 976.3 million.
The group employs more than 7,000 individuals across the globe.
Contact: Eric Merkel-Sobotta | tel.: +49 30 827 87 54 34 |
eric.merkel-sobotta(at)springer.com
Disclaimer:
This publication and the information contained herein are for information
purposes only and do not constitute a prospectus or an offer to sell or a
solicitation of an offer to buy any securities in the United States. Any
securities referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended, (the 'Securities Act'),
and may not be offered or sold in the United States absent registration or
pursuant to an available exemption from registration under the Securities
Act. Neither Springer Science+Business Media AG (prior to the change of
legal form: Springer Science+Business Media Deutschland GmbH) nor its
shareholder intends to register any securities referred to herein in the
United States.
Any offer will be made exclusively through and on the basis of a prospectus
that must be published in Germany as supplemented by additional information
related to the offer outside of Germany.
No money, securities, or other consideration is being solicited, and, if
sent in response to the information contained herein, will not be accepted.
This publication does not constitute an offer document or an offer of
securities to the public in the U.K. to which section 85 of the Financial
Services and Markets Act 2000 of the U.K. applies and should not be
considered as a recommendation that any person should subscribe for or
purchase any securities as part of the Offer. This document is being
communicated only to (i) persons who are outside the U.K.; (ii) persons who
have professional experience in matters relating to investments falling
within article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the 'Order') or (iii) high
net worth companies, unincorporated associations and other bodies who fall
within article 49(2)(a) to (d) of the Order (all such persons together
being referred to as 'Relevant Persons'). Any person who is not a Relevant
Person must not act or rely on this communication or any of its contents.
Any investment or investment activity to which this communication relates
is available only to Relevant Persons and will be engaged in only with
Relevant Persons. This document should not be published, reproduced,
distributed or otherwise made available, in whole or in part, to any other
person without the prior consent of the Company.
This publication contains forward-looking statements. These statements are
based on the current views, expectations, assumptions and information of
the management of Springer Science+Business Media AG. Forward-looking
statements shall not be construed as a promise for the materialization of
future results and developments and involve known and unknown risks and
uncertainties. Actual results, performance or events may differ materially
from those described in such statements due to, among other things, changes
in the general economic and competitive environment, risks associated with
capital markets, currency exchange rate fluctuations, changes in
international and national laws and regulations, in particular with respect
to tax laws and regulations, affecting Springer Science+Business Media AG,
and other factors. The Company does not assume any obligations to update
any forward-looking statements.
End of Corporate News
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