Springer Science+Business has finally been unloaded, from one group of private equity firms (Candover and Cinven) to another: Sweden’s EQT Partners, with an 18 percent share being taken by the Singapore government’s investment company. The transaction is more a restructuring of Springer’s extensive 2.2 billion euros of debt than a conventional purchase. The purchase price was not released, though sources are guessing that the sale included 150 million euros in actual cash on top of the assumption of that mountain of debt.Bloomberg
