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BC Partners Draws Neuberger to Springer Nature After Shelved IPO

  • Buyout firm selling investment to new special-purpose fund
  • Deal set to value academic publisher at about $7 billion

BC Partners is finalizing plans to introduce new investors to Springer Nature after scrapping a proposed initial public offering of the academic publisher, people with knowledge of the matter said.

The buyout firm is preparing to sell Springer Nature to a special-purpose fund with new backers led by Neuberger Berman Group LLC, according to the people. The deal, which allows BC Partners to return money to investors in its ninth flagship fund, could be announced in the next few weeks, they said, asking not to be identified because the information is private.