PE-Backed German Publisher Seals $4.4B BC Partners Buyout

Law360, New York (June 19, 2013, 1:50 PM EDT) -- The private equity owners of German publisher Springer Science & Business Media GmbH on Wednesday confirmed €3.3 billion ($4.4 billion) plans to sell the company to fellow investment firm BC Partners Ltd., cementing their about-face on the idea of an initial public offering.

Official word of the deal comes a day after long-brewing speculation over the publisher's future peaked, with unnamed sources close to the deal leaking news that the multibillion-dollar sale — Germany's biggest private-equity acquisition in more than a half decade — was close....
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