EQT, the private equity arm of Sweden’s Wallenberg family, is set to announce on Thursday the €2.3bn takeover of Springer Science and Business Media. The deal ends a tortuous sales process by its two UK private-equity owners, Cinven and Candover, which will receive only about €100m for their equity in the debt-laden German group. Banks, led by Goldman Sachs, Deutsche Bank, BarCap and Unicredit, will on Thursday discuss a refinancing deal, where EQT would invest about €450m of fresh capital to repay Springer debt.

This entry was posted by Gwen Robinson on Thursday, December 10th, 2009 at 4:46 and is filed under Capital markets, M&A, Private equity. Tagged with candover, cinven, eqt, Springer, Wallenberg. Edit this entry.