PE-Backed Publisher Eyes $1B IPO Amid Takeover Interest

Law360, New York (June 5, 2013, 5:25 PM EDT) -- German publisher Springer Science+Business Media Deutschland GmbH is readying itself for an initial public offering worth about €760 million ($993 million) that will leave the private equity pair that currently owns the company with a combined majority stake, Springer confirmed Wednesday.

The news follows weeks of speculation over whether EQT Partners AB and GIC Special Investments Pte. Ltd. would list the academic publisher or unload it to one of several suitors widely reported to be circling the company. If the firms are still hoping for a...
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