Wednesday, 16 December 2015

RARE ALERT: Fagron said to have drawn interest from Cinven et al - part 2

I have taken a lot of stick since I published my original article on Fagron, the Belgian pharmaceutical company, a few weeks ago.

Despite the somewhat sceptical tone of my original piece, some readers/followers/friends have been ribbing me for writing about Cinven's interest in purchasing Fagron, especially as the company recently called off takeover talks with potential buyers, which sent the share price plummeting.

Well, I stand by that story and note that I never wrote Cinven would end up doing the deal, just that the private equity firm had/have an interest and was participating in the auction. Click on the link if you don't remember:

http://betaville123.blogspot.co.uk/2015/11/rare-alert-fagron-said-to-have-drawn.html

I also note Fagron shares are currently up about 54pc at pixel time - although that's because a local news outlet reported that CVC Capital Partners, one of Europe's largest buy-out firms, is circling the business...

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