Personanondata: Take all of Springer

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.

No comments:

Post a Comment

Michael Cairns

Michael Cairns is currently Head of Partner and Channel Development for the publishing unit of the American Psychological Association which is a $100million scholarly, academic and educational publisher. In this role, he is responsible for all sales and marketing activities supporting the revenue base and working with current and new partners to expand APA's publishing program and mission. Michael Cairns has served as President, CEO and CRO of several brand name publishing, technology and content-centric businesses. His career includes a wide range of publishing and information products, services and B2B categories and his operating and consulting experience has largely been with brand-name companies such as PriceWaterhouseCoopers, Macmillan, Inc., Berlitz International, AARP, R.R. Bowker and Wolters Kluwer. Mr. Cairns has also served on boards including the Association of American Publishers (AAP), the Book Industry Study Group (BISG) and also served as Chairman of the International ISBN Executive Committee.