Springer Nature taps Goldman Sachs, Morgan Stanley as IPO glocos – sources

16 January 2020 - 10:42 am UTC

by Amy-Jo Crowley and Ryan Gould in London

Goldman Sachs and Morgan Stanley have been mandated as global coordinators (glocos) on Springer Nature’s planned IPO, two sources close to the situation and a banker following it told this news service.


The syndicate has six banks in total, the two sources said, with the first adding that BNP Paribas and Citi are among the mandated banks.


The German academic publisher’s IPO is expected to launch in the second quarter, the first source added.


This news service in November cited sources as saying that private equity firm BC Partners had begun preparing for an exit of its stake in Springer Nature, acquired in 2013 for EUR 3.3bn. Publisher Holtzbrinck owns 53% of Springer Nature and BC Partners owns the rest, according to the November report.


Things are moving “very quickly”, the second source said, adding that an analyst presentation ahead of the planned listing is scheduled for the end of this month.


BC Partners, Morgan Stanley and BNP Paribas declined to comment. Holtzbrinck, Springer Nature, Goldman Sachs and Citi did not return requests for comment.