EQT V and GIC agree to acquire Springer
EQT V and GIC are set to acquire Springer Science+Business Media from current owners, private equity investors Candover and Cinven.
EQT V and GIC Special Investments (GICI), the private equity arm of the Government of Singapore Investment Corporation (GIC), have agreed to acquire 100 percent of Springer Science+Business Media from its current owners Candover and Cinven. EQT V is to buy 82 percent and GICSI to buy 18 percent of Springer, leader in the digitization of scientific information and the world’s second-largest scientific, technical and medical publisher.
The transaction is subject to customary conditions such as regulatory approvals and is expected to close by late January/early February 2010.
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| Fund | EQT V Argentum share 1.1% |
| Portfolio Company | Springer Science+Business Media |
| Date of Transaction | 2009-12-11 |
| Transaction | Secondary transaction |
| Seller | Candover and Cinven |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Other |
| Geography | RoW |
| Stage | Large-cap buyout |