EQT looking to exit Springer

The firms are said to have hired investment banks to solicit offers as well as identify IPO opportunities, most likely on the Frankfurt stock exchange.

EQT acquired its 82% stake in Springer in a €2.3bn (£1.55bn) secondary buyout from Candover and Cinven in December 2009, with mezzanine capital from Partners Group. GIC acquired the remaining shares. The company is expected to be valued at £2.5bn having yielded £250m of profit in 2011.

Springer's publications have a strong presence throughout Europe. The 2009 sale of the business attracted bids from TPG, Apax and a consortium comprising Providence and Carlyle, as well as trade buyer Informa Business Media.

 

 

 

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• Topics
• DACH
• Germany
• EQT
• TPG
• Apax Partners
• Providence Equity Partners
• Carlyle Group