Macmillan Science and Education to Merge with Springer Science+Business Media
Holtzbrinck Publishing Group and BC Partners have reached an agreement to merge Springer Science+Business Media (owned by funds advised by BCP) with the majority of Holtzbrinck-owned Macmillan Science and Education, namely Nature Publishing Group, Palgrave Macmillan and the global businesses of Macmillan Education.
The new group, which will have a turnover estimated at €1.5bn and 13,000 employees, will be under the joint control of Holtzbrinck and funds advised by BCP, with Holtzbrinck retaining a 53% share. The merger vaults the new group above McGraw-Hill (€1.4bn), Cengage (ca. €1.3bn)