{"id":654084,"date":"2013-04-24T04:31:54","date_gmt":"2013-04-24T08:31:54","guid":{"rendered":"http:\/\/www.pehub.com\/?p=198079"},"modified":"2013-04-24T04:31:54","modified_gmt":"2013-04-24T08:31:54","slug":"reuters-springer-science-set-to-attract-five-bids-from-pe","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/654084","title":{"rendered":"Reuters \u2013 Springer Science Set to Attract Five Bids from PE"},"content":{"rendered":"

Five private equity groups are set to bid for Springer Science+Business Media<\/strong>, owned by private equity firm EQT<\/strong> and sovereign wealth fund GIC<\/strong>, writes Reuters<\/em>. While EQT and GIC are hoping to reap as much as 4 billion euros ($5.2 billion) for the German speciality publisher of scientific journals, the prospective buyers are unlikely to offer much more than a price tag of slightly over 3 billion euros, writes Reuters<\/em>.<\/p>\n

Reuters<\/em> – Five private equity groups are set to bid for Springer Science+Business Media, owned by private equity firm EQT and sovereign wealth fund GIC, several people close to the process told Reuters.<\/p>\n

While EQT and GIC are hoping to reap as much as 4 billion euros ($5.2 billion) for the German speciality publisher of scientific journals, the prospective buyers are unlikely to offer much more than a price tag of slightly over 3 billion euros, the sources said.<\/p>\n

Those due to hand in bids later this week are Carlyle , Providence, BC Partners, KKR and Hellman & Friedman, the sources said, adding second-round bids are due in June.<\/p>\n

EQT and Carlyle, BC Partners, KKR declined to comment. GIC – the investment vehicle of the government of Singapore – Providence and Hellman & Friedman were not immediately available for comment.<\/p>\n

German media group Bertelsmann has already said it was not considering buying Springer Science. No other strategic bidders emerged, the sources said.<\/p>\n

Springer Science’s owners are simultaneously still working on the preparations for an initial public offering (IPO), which would likely take place early July if the sellers conclude they would reap a higher price in a listing than in an outright sale.<\/p>\n

EQT and GIC bought Springer Science in 2009 for 2.3 billion euros.<\/p>\n

The post Reuters – Springer Science Set to Attract Five Bids from PE<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Five private equity groups are set to bid for Springer Science+Business Media, owned by private equity firm EQT and sovereign wealth fund GIC, writes Reuters. While EQT and GIC are hoping to reap as much as 4 billion euros ($5.2 billion) for the German speciality publisher of scientific journals, the prospective buyers are unlikely to […]<\/p>\n","protected":false},"author":7428,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-654084","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/654084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7428"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=654084"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/654084\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=654084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=654084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=654084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}