- 07 December 2016
Bagger-Sørensen sells Fertin Pharma to EQT
Bech-Bruun represented the Bagger Sørensen Group in the Group's sale of Fertin Pharma to EQT.
The Bagger-Sørensen Group is a chewing gum manufacturer also known for the Dandy, Stimorol and V6 chewing gum brands, which were divested in 2002. Since then, the Group has focused on the development of medicated chewing gum and, in particular, nicotine replacement therapy gum. The Group has been highly successful in its achievements as evidenced by the subsidiary Fertin Pharma A/S, presently the world's largest independent B2B developer and manufacturer in this area.
The Bagger-Sørensen Group, which is based in Vejle, recently decided that the time was right for selling a majority of the shares in Fertin Pharma A/S. Yesterday, Bagger-Sørensen entered into a share sale and purchase agreement with EQT.
As a result of the transaction, EQT will acquire 70% of the shares in the company, and the Bagger-Sørensen family – represented by Claus Bagger-Sørensen and Steen Bagger-Sørensen – will reinvest their proceeds of the sale so they continue to hold 30% of the shares.
We congratulate the Bagger-Sørensen family and EQT on their new partnership.