Springer stake for sale

UK buyout firms Candover and Cinven are reported to be weighing up strategic options over the sale of a 49% stake in German publishing powerhouse Springer Science and Business Media.

The business was formed in 2006 when the two British private equity houses merged BertelsmannSpringer with Kluwer Academic Publishing. One option being explored is a further merger, this time with UK publishing and exhibitions group Informa.

Springer is struggling to meet the debt repayments on its €3.08bn leveraged loan, which it is unable to refinance.