DGAP-News: Springer Science+Business Media sold to BC Partners
(firmenpresse) - DGAP-News: Springer Science+Business Media / Key word(s): Disposal
Springer Science+Business Media sold to BC Partners
19.06.2013 / 09:01
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PRESS RELEASE
Springer Science+Business Media sold to BC Partners
- EQT Partners and GIC Special Investments agree to sell Springer
Science+Business Media to BC Partners
- Plans for initial public offering cancelled
Berlin, 19 June 2013 - EQT Partners AB (EQT) and GIC Special Investments
Pte Ltd (GIC) have agreed to sell their majority stake in Springer
Science+Business Media (Springer), a leading global scientific, technical
and medical (STM) publisher, to the private equity firm BC Partners Limited
(BC Partners). The plans for an initial public offering have been
cancelled.
Derk Haank, CEO of Springer, said: 'BC Partners has made an enhanced, and
very attractive offer for our company. For this reason, my colleagues on
the Springer Management Board and I consider this outcome in the best
interest of the company, its employees, authors, editors and other
stakeholders. We are a healthy, innovative and respected STM publisher and
our leading position in fields such as open access, eBooks and our growing
presence in emerging markets is an excellent basis for our future success.'
Springer considerably increased sales revenues and profits in 2012 and
expects to continue to grow further. The group is particularly well
positioned to benefit from key growth drivers in the STM market.
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. 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
End of Corporate News
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217106 19.06.2013
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