Holtzbrinck Publishing Group and BC Partners announced that they have reached an agreement to merge Springer Science+Business Media in its entirety with the majority of Macmillan Science and Education.
The new group will be under joint control of Holtzbrinck and BCP with Holtzbrinck retaining a 53% share. The transaction is subject to approval by various competition authorities, and is expected to close during the first half of 2015.
The joint venture will create a leading publishing group with c. €1.5 billion turnover and 13,000 employees. The transaction aims to secure the long-term growth of both businesses by creating a leading global science and education publishing house and eventually extending the reach within the education and learning markets.
The merger comprises Holtzbrink-owned Nature Publishing Group, Palgrave Macmillan, Macmillan Education Language Learning, Macmillan Education Schools and all of Springer’s scientific, technical and medical books and journals as well as corporate R&D departments.
The management board of the new company will be composed of four members: Derk Haank (Chief Executive Officer), Annette Thomas (Chief Scientific Officer), Martin Mos (Chief Operating Officer) and Ulrich Vest (Chief Financial Officer).
The supervisory board will be composed of Stefan von Holtzbrinck (Chairman/Holtzbrinck), Ewald Walgenbach (Vice-Chairman/BCP), Michael Brockhaus (Holtzbrinck), Hans Haderer (BCP), Christian Mogge (BCP) and Jens Schwanewedel (Holtzbrinck).
Disclosure: Macmillan Digital Education is a supporter of EDUKWEST Europe.