Bridgepoint seeking Noordhoff sale

The sale is reportedly expected to fetch somewhere in the range of €600-700m. Reuters reported several private equity firms may submit first-round bids for the company this week, naming KKR, Bain Capital and Waterland Private Equity as potential interested parties.

The newswire also cited banking sources as saying that debt packages worth around €330m are being prepared for the potential sale. ING and Goldman Sachs were hired earlier in the year to run the sale process for the Infinitas division.

Bridgepoint acquired Infinitas in March 2007 for €774m. The business, then known as Wolters Kluwer Education, was the education division of Dutch publishing company Wolters Kluwer.

The GP acquired the business through an auction run by Lehman Brothers. ING and Société Générale provided a debt package for the deal, according to unquote" data.

Groningen-headquartered Noordhoff is a publisher of educational content and teaching resources in the Netherlands. The division was founded as a subsidiary of Wolters Kluwer in 1972 and currently employs 355 staff. Originally named Wolters-Noordhoff, the division was renamed Noordhoff Uitgevers in 2008 following the carve-out of Wolters Kluwer Education by Bridgepoint.

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