Springer Science & Business Media has succeeded in getting three private equity companies to bid again for a share of their business after the previous round of offers was too low. With a 3.1 billion euro debt load, Springer hopes to sell a stake up to 49% to raise 500 million euros in order to alleviate the burden. A decision on the bids from TPG, Sweden’s EQT and a consortium comprising Carlyle Group and Providence Equity Partners (with Apax said to be in discussions, but not formally bidding) is not expected for weeks. UBS and Goldman Sachs have been hired […]
