The closing of the sale of Springer Science+Business Media (Springer) by funds advised by EQT and GIC to funds advised by BC Partners, which was announced on 19 June 2013, has now been finalized. Competition authorities in the US and in Europe have approved the transaction and all other preconditions have been met.
Derk Haank, Springer's CEO, said: "We are looking forward to working with BC Partners in further implementing our strategy. We are delighted that the sale is now closed, and that we can continue to develop Springer as a leading global innovator in STM publishing."
Springer Science+Business Media (www.springer.com) is a leading global scientific, technical and medical publisher, providing researchers in academia, scientific institutions and corporate R & D departments with quality content via innovative information products and services. Springer is also a trusted local-language publisher in Europe – especially in Germany and the Netherlands – primarily for physicians and professionals working in healthcare and road safety education. Springer published roughly 2,200 English-language journals and more than 8,000 new books in 2012, and the group is home to the world's largest STM eBook collection, as well as the most comprehensive portfolio of open access journals. In 2012, Springer Science+Business Media generated sales of approximately EUR 976.3 million. The group employs more than 7,000 individuals across the globe.