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June 19, 2013By Sarah Weinman

Springer Sold To BC Partners After All For 3.3 Billion Euros

June 19, 2013By Sarah Weinman

The longstanding efforts by private equity owners EQT and the Singaporean sovereign-wealth fund to sell Springer Science has come to an end after another late-game twist. Just five days after announcing they would walk away from BC Partners’ recent offer to buy the company and pursue a long-contemplated IPO, Springer’s owners closed the deal with BC for approximately €3.3 billion euros. Sources told Reuters that EQT and the Singaporean fund “would keep a stake of about 10 percent in Springer between them, with BC Partners confirming the minority stake. The purchase, which also depends on Springer’s future performance, will be backed […]

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