Springer is a leading publisher of scientific, technical and medical (“STM”) journals by titles and the largest publisher of STM books. The company has approximately 7,300 employees and its largest customer groups are universities and academic research libraries.
Revenues are generated worldwide, but with the majority in Europe and the US. EQT’s key initiatives focused on transforming Springer into a digital and pure play STM publisher with increased investments in development of e.g. a proprietary content database SpringerLink and digitization of the entire Springer Book Archive.
In 2013, EQT V sold Springer to BC Partners for an enterprise value of EUR 3.3 billion, with EQT maintaining a small minority ownership.