Reuters – Springer Science Owners to Approach Buyers

Private equity firms EQT and GIC will start contacting potential buyers for Springer Science+Business Media next week, aiming to fetch up to 4 billion euros ($5.2 billion), two people close to the process told Reuters. The owners have been preparing an initial public offering (IPO) of the German speciality publisher for April 2013 but are now launching a parallel sales process as an outright sale will generate greater proceeds, the sources said.

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