Lone US fund buys €84m of Fagron shares

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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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