Swedish private equity firm EQT Partners is reportedly pressing ahead with plans to sell or float its German publishing business Springer Science & Business Media, which could be valued as high as €4bn.
EQT is planning to send documents to interested groups this month, while potential suitors have already received non-disclosure agreements according to Bloomberg, which cited people familiar with the matter.
The sources added that EQT was seeking offers of between €3bn and €4bn for the business.
EQT and the Government of Singapore Investment Corp acquired Springer in 2009.
Bloomberg noted that companies in Europe, the Middle East and Africa have raised €4bn via IPOs this year compared with only $567m over the same period of 2012.
In January, EQT closed its second infrastructure fund at its hard cap of €1.925bn in January and sold its 51 per cent stake in medical technology company Gambro, which was valued at a total $4bn, a month earlier.
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