Candover Investments Plc. (CDI.L) announced that its wholly owned subsidiary, Candover Partners Limited, and Cinven have agreed the sale of Springer Science+Business Media to European fund EQT V and Singapore fund GIC. The transaction remains subject to customary conditions, including regulatory approvals and is expected to close by late January/early February 2010.
The sale will generate cash proceeds of £11.4 million including carried interest for Candover Investments plc.
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