Private equity companies Candover and Cinven are believed to be preparing to put Springer Science and Business Media up for sale, with UBS and Goldman Sachs apparently appointed to sound out potential bidders. Sources tell the Guardian that prospective purchasers have until the end of next week to register their interest. Springer could fetch up to £2bn from financial or trade buyers, though the current economic climate may make meeting that price difficult and the head of one competing venture capital firm said he thought it was “unlikely Springer would attract much interest, given the poor short-term prospects for the […]
