Possible Springer IPO
Springer Science and Business Media, the German scientific, technical, and medical (STM) publisher, is being prepared for a stock market IPO (initial public offering) in 2006 or 2007 by Candover and Cinven, according to a report in _Information World Review_. Springer is the world’s second largest journal publisher after Reed Elsevier. Candover and Cinven bought Springer from German media empire Bertelsmann Group for Euro 1.5 billion in 2003. Following the acquisition of Springer, Candover and Cinven merged Springer with Kluwer Academic Publishing, which they had acquired in October 2002 from Wolters Kluwer.
[Sparc e-news, Aug-Sept 2005]
