The closing of the sale of Springer Science+Business Media S.A. (Springer) by Cinven and Candover to funds managed by EQT and GIC, announced on December 11, 2009, is confirmed. Competition authorities in the US and in Europe have approved the transfer.
Springer has received an injection of new equity of around EUR 450 million. Furthermore, a new financing package valued at EUR 1.2 billion has been put together with Goldman Sachs International, Barclays Capital, Unicredit Bank AG and Deutsche Bank AG.
Springer Science+Business Media is a global scientific publisher, delivering quality content through innovative information products and services. In the science, technology and medicine (STM) sector, the group publishes around 2,000 journals and more than 6,500 new books a year, and claims to have the largest STM eBook Collection worldwide. Springer has operations in about 20 countries in Europe, the US, and Asia.
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