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Luxempart sold its stake in Belgian Baobab Collection to Baltisse, a Belgium-based family-owned investment fund. The transaction remains subject to customary regulatory approvals.
Baobab Collection was held via Indufin Capital Partners S.A. SICAR, an investment fund jointly financed by Luxempart and de Eik. The transaction was realised at net proceeds significantly above the valuation retained for the Group’s Net Asset Value as of December 31, 2020, which in itself had been strongly increased based on Baobab’s tremendous performance.
Indeed, since Indufin Capital Partners S.A. SICAR’s investment in 2015, Baobab Collection, led by Alain Lahy and Corinne Bensahel, has considerably developed its product range, distribution network, and hence sales and...
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