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 […]
