In what amounts to a huge cultural shift in company strategy, family owned Bertelsmann Media Group considers an IPO. Mr. Rabe, CEO of Bertelsmann said recently that an initial public offering was only one of several capital-raising options being considered by Bertelsmann. No decisions are likely before the autumn, after a broad, companywide review of strategy, he added. However the company signaled its intentions this week when it said it planned to change its legal status to a corporate structure.
The Bertelsmann Media Group owns Arvato, a leading Finance BPO provider. Arvato operates consumer credit information and debt collection services.
Source: Dealbook NY Times