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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GIC links up with buyout firm in Springer deal

Posted on 14 December 2009

From WSJ: The Government of Singapore Investment Corp. has made its first European co-investment after teaming up with a Nordic private equity firm to carry out the largest buyout in the region for 18 months.

State fund GIC and EQT Partners have bought German media group Springer Science+Business Media for around EUR2.3 billion ($3.4 billion) from buyout firm Cinven and troubled private equity firm Candover Partners, according to sources close to the situation. GIC has taken an 18% stake in the company while EQT has taken 82%………………………………Full Article: Source


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