FRANKFURT Nov 28 Private equity firms EQT and
GIC will start contacting potential buyers for Springer
Science+Business Media next week, aiming to fetch a
price of up to 4 billion euros ($5.2 billion), two people close
to the process told Reuters.
Potential bidders will get information packages from next
week, they said.
They have been preparing an initial public offering (IPO) of
the German speciality publisher for April 2013 but are now
launching a parallel sales process in hopes that an outright
sale will generate greater proceeds, the sources said.
Springer Science, the world's second-largest publisher in
science, technology and medicine after Reed Elsevier,
and EQT declined to comment. GIC was not immediately available
An IPO remains the preferred option, two people close to the
transaction said, adding that advisory boutique Lilja has been
mandated alongside Goldman Sachs and JP Morgan to
help organise the flotation.