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Nazareth (Belgium)/Rotterdam (The Netherlands), 9 September 2019 – 7am CEST
Waterland and Baltisse have successfully completed a private sale of shares in Fagron
Fagron NV (“Fagron”) has been informed by WPEF VI Holdco III BE B.V. (referred to as “Holdco”), jointly owned by Waterland Private Equity Fund VI C.V. and Baltisse NV, of the private sale of 5,211,300 existing ordinary shares (the “Shares”) of Fagron. This represents c. 7.25% of Fagron’s current outstanding capital. The Shares have been sold on Friday to one long-only institutional investor, which will now hold a total stake of c. 7.25% of Fagron’s current outstanding capital on an aggregate basis. The Shares have been sold at a price of € 16.20 per share, the same price as the last private placement of Holdco in July 2019. This results in an overall amount of c. € 84.42 million. Following the private sale, Holdco holds c. 12.98% of Fagron’s current outstanding capital, which will continue to be subject to the original lock up undertaking from July 2019, expiring 4 October 2019, with the same customary carve-outs.
Joh. Berenberg, Gossler & Co. KG acted as Sole Bookrunner in connection with the private sale.
In the event of differences between the English translation and the Dutch original of this press release, the latter prevails.
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Waterland and Baltisse have successfully completed a private sale of shares in Fagron