Wolters Kluwer sells Kluwer Academic Publishers to UK equity funds.Walters Wal·ters , Barbara Born 1931. American television newscaster and reporter. After working for the National Broadcasting Company (1963-1976), she joined the American Broadcasting Company (1976-1979) and became the first woman to anchor the nightly Kluwer (Amsterdam Amsterdam, city, Netherlands Amsterdam (ăm`stərdăm', Dutch ämstərdäm`), city (1994 pop. 724,096), constitutional capital and largest city of the Kingdom of the Netherlands, North Holland prov. ) has reached an agreement in principle to sell Kluwer Academic Publishers (KAP; Dordrecht Dordrecht (dôr`drĕkht) or Dort (dôrt), city (1994 pop. 113,394), South Holland prov., SW Netherlands, at the point where the Lower Merwede divides to form the Noord and Oude Maas (Old Meuse) rivers. , Neth./New York York, former name of Toronto, Canada York, Ont.: see Toronto, Ont., Canada. York, city, England York, city (1991 pop. 123,126) and district, North Yorkshire, N England, at the confluence of the Ouse and Foss rivers. ) to a partnership of private equity funds Cinven (London) and Candover (London). The two private funds have agreed to pay Kluwer EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 600 million. The deal is subject to regulatory approval. KAP provides information products and services to academic and corporate researchers in humanities and social sciences, environmental and plant sciences, engineering and computer sciences, and biosciences. The company publishes more than 1200 book titles and 675 academic journals. Its electronic service, Kluwer Online, provides access to electronic journals, ebooks, custom books, and reference and directory works. KAP has about 600 employees worldwide and reported 2001 sales of EUR 150 million. Wolters Kluwer Wolters Kluwer N.V. (Euronext: WKL) is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. said the sale of KAP "is the result of the new focus of the Wolters Kluwer Health cluster." That unit will now focus on English-reading professionals in the international medical markets. WK said that by the end of this year, the unit's resources will be aligned into (cont'd from p. 1) four major segments including pharma, medical information professionals, practitioner information and clinical tools. WK ceo Rob Pieterse said the deal resulted in "a good home for the company at a goad price," while WK Health ceo Hugh Yarrington said the deal is "an important accomplishment that allows WK to "focus our international health and science assets entirely on the medical markets." Candover was established in 1980 and has been structured as an investment trust listed on the London exchange. Cinven was founded in 1977 and has been independent and wholly-owned by its directors since 1995. |
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