Wolters Kluwer sells learning ops to Bridgeport Capital for 750 mln eur - report |
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Fri, 23 Mar 2007 08:54
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AMSTERDAM (AFX) - Wolters Kluwer NV is understood to have agreed to sell its education division to international private equity group Bridgepoint Capital for over 750 mln eur, the Financial Times reported, without citing sources.The report claimed that Bridgepoint outmaneuvered France's Wendel Investissement in an auction run by Lehman Brothers and that Wolters Kluwer will be taking the deal to its works council for approval.Other companies, such as Vestar, an American private equity group, Pearson and Finnish media group Sanoma were also interested in the division at various stages, the Financial Times said, but some buyers were put off by the broad spread of the division's assets across Europe.dave.vanginhoven@thomson.comdvg/rfwCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Wolter Kluwer's sale of education business likely to be credit neutral - Fitch 