Lone US fund buys €84m of Fagron shares

By Aidan Gregory
09 Sep 2019

Two of the largest shareholders in Fagron, the Belgian pharmaceutical and medical products company, have sold half their stake in the company for €84m via an unusual block trade that was placed with a single US long-only investor.

Berenberg arranged the sale, which was priced after the market close on Friday. The seller was WPEF VI Holdco III, a vehicle controlled by Waterland Private Equity and Baltisse, the family office that manages the investments of Filip Balcaen, the founder and former CEO of floorings company IVC. 

IVC ...

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