Ergon is a disciplined and discreet value investor, which provides "patient and friendly capital"

Investments

> Date of Investment: April 2011
> Region: Belgium
> Sector: Publishing
> Website: www.group.deboeck.com
> Sales: €51MM

Group De Boeck (GDB) is a leading Belgian publishing company specialized in the educational and legal & professional segments, both in French and in Dutch

Group De Boeck operates in Belgium, France and Luxembourg through 2 independent publishing houses: De Boeck for educational publications and Larcier Group for legal & professional products. Each of the divisions has an important digital offering next to the classic paper products

Group De Boeck has a catalogue of over 7,000 active titles, 450 new publications per year, and more than 2,500 authors. The total number of employees in the Company amounts to 230

In April 2011, Ergon acquired a majority stake from Editis (Grupo Planeta)