Press releases / Latest news
The van Tulleken Company advises Springer on sale of Minerva to EBSCO
30 May 2008: The van Tulleken Company (“van Tulleken”), leading international corporate finance advisers in media, information and technology, has advised Springer Science+Business Media (“Springer”), one of the world’s leading suppliers of scientific and specialist literature, on the sale of Minerva Wissenschaftliche Buchhandlung (“Minerva”), one of the foremost library providers in central Europe. Minerva was acquired for an undisclosed amount by EBSCO Information Services, Berlin (Germany), one of the leading information providers for libraries, research institutes, publishers and businesses worldwide.
Springer Science+Business Media (www.springer.com) is the world’s second-largest publisher of journals in the science, technology, and medicine (STM) sector, the largest publisher of STM books and the largest business-to-business publisher in the German-language area. The group publishes over 1,700 journals and more than 5,500 new books a year, as well as the largest STM eBook Collection worldwide, with more than 25,000 titles available on www.springerlink.com. Springer has around 60 publishing houses in about 20 countries in Europe, the USA and Asia, and some 5,000 employees. In 2007, it generated annual sales of around EUR 906 million.
Minerva Wissenschaftliche Buchhandlung GmbH, Vienna (Austria) was founded in 1909 and is now positioned as an interface for publishing houses and information providers. In addition to print products, providing online access to e-journals and e-books represents one of its fastest-growing lines of business, as does consortia management.
For further information:
Stephen King, The van Tulleken Company , Tel: +44 20 7235 1099
Libby Young, Smithfield, Tel: +44 20 7360 4900
Notes to Editors:
The van Tulleken Company (www.vantulleken.com) is a leading international corporate finance adviser on M&A and strategic developments in the media, information and technology industries. The company became part of the independent merchant bank Quayle Munro in April 2008. With offices in London and New York, van Tulleken serves large international companies and SMEs in the UK, Europe and the US. Clients include corporations, financial sponsors, media executives and entrepreneurs. Companies by which it has been retained on an ongoing or assignment basis include Wolters Kluwer; von Holtzbrinck; VNU; Reed Elsevier; Hearst & Pearson. The skills and experience of the team are virtually unmatched in the industry, having closed over 100 transactions since its foundation, representing both sellers and acquirers. The Company is Authorised and Regulated by the FSA.
Quayle Munro (www.quayle.co.uk) is an independent merchant bank listed on AIM in the UK (QYM.L), active in corporate finance (including equity and debt advisory), public project finance, specialist fund management and investment on its own account. The Group was co-founded in 1983 by its present Chairman, Ian Quayle Jones, and listed on the London Stock Exchange via an Introduction in 1993, transferring to AIM in 2003. In July 2007 it acquired the corporate finance adviser, New Boathouse Capital, which was established by Peter Norris in 2000. Following the acquisition of van Tulleken, and with offices now in London, New York and Edinburgh, the Group has an attractive spread of clients across sectors.
Back to press releases