Personanondata | Michael Cairns on Publishing and Technology

Wednesday, October 14, 2009

Take all of Springer

Springer CEO Derk Hannk is quoted by Reuters suggesting the entire company is in play (Reuters)

The private equity firms Candover (CDI.L) and Cinven [CINV.UL], the owners of German academic publisher Springer Science and Business Media, are considering a full sale of the company, Chief Executive Derk Hannk said on Wednesday.
"For a while we were considered underleveraged, now we are considered overleveraged ... a straight sale is the preferred option," Hannk told Reuters on the sidelines of the Frankfurt Book Fair on Wednesday.

"We are owned by private equity and they have had a very good run for their investment for five, six years," he said, adding it may be time for new equity.

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Michael Cairns

I am Chief Revenue Officer at SharedBook, an innovative new education company located in New York. I have been an Adviser to SharedBook since early 2010. In early 2011 we launched AcademicPub.com a publishing platform that allows faculty and educators to create custom course materials for their classes and students.

Previously I was Managing Partner of Information Media Partners, my own business strategy consulting practice focused on helping publishing and information companies invest in their future through content management, product development and/or mergers and acquisitions. My career spans a wide range of publishing and information products, services and B2B categories and my operating and consulting experience has largely been with brand-name publishing companies such as PriceWaterhouseCoopers, Macmillan, Inc., Berlitz International, R.R. Bowker and Wolters Kluwer.

I have served as a board member of the Association of American Publishers (AAP), the Book Industry Study Group (BISG) and in addition to my responsibilities at R.R. Bowker, l also served as Chairman of the International ISBN Executive Committee.