The Berlin-based Springer Group, the world’s second-largest STM publisher, has been sold, six years after it was formed by the purchase and merger of Bertelsmann Springer and Kluwer Academic by the British private equity firms Cinven and Candover.

The purchasers are EQT, a Swedish private equity fund, and GIC, a private fund backed by the Government of Singapore. EQT will own 82% and GIC 18%.