Market clear for Barclays’ Springer buy-out facilities

Sole mandated lead arranger and underwriter Barclays Capital will approach a small group of banks next week for senior sub-underwriting positions on the debt facilities supporting Candover and Cinven's buy-out of BertelsmannSpringer, the scientific publishing subsidiary of Bertlesmann.

The transaction will see the formation of a new world class specialist publishing business as BertelsmannSpringer ...