GERMANY - Cinven and Candover could sell majority Springer stake
According to reports, buyout houses Cinven and Candover have signalled a willingness to part with a majority stake in academic publisher Springer Science and Business Media.
Reports indicate that EQT is leading the field of interested parties, with TPG, Apax Partners and a consortium comprising Carlyle and Providence also interested.
Cinven and Candover acquired Springer in 2003 for just over EUR 1bn.
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