Cinven and Candover have led the €600m ($583m) management buy-out of Kluwer Academic Publishers from Wolters Kluwer, the Dutch information services company, continuing their well-established interest in the publishing and media industry.

This deal sees the two European buy-out firms investing €107.5m each. They were supported by Barclays Capital, which arranged and underwrote senior debt and mezzanine facilities, and Morgan Stanley, which provided mergers and acquisitions advice.