News
Private equity scoops up Kluwer education
Wolters Kluwer is understood to have agreed to sell its education division to international private equity group Bridgepoint Capital for over Euro750m, the Financial Times has reported, without citing sources.
The report claimed that Bridgepoint outmaneuvered France's Wendel Investissement in an auction run by Lehman Brothers and that Wolters Kluwer will be taking the deal to its works council for approval.
The deal, if its goes ahead, marks the continued shifting of education businesses, with media group Bertelsmann reported this week to be winning the race for Thomson Learning.
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