EQT Partners to sell or float Springer Science & Business Media


OSwedish 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.

Last month EQT sold apparel business BTX Group from its EQT IV fund to Sun Capital Partners’ European arm Sun European Partners.

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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