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


> Date of Investment: April 2011
> Exit: June 2016
> Region: Belgium
> Sector: Media
> Website:
> Sales: €46MM

Following Ergon’s acquisition of Group De Boeck in April 2011 from Editis, the Company was split into three independent publishing companies, namely Larcier (professional publishing), De Boeck Education (educational publishing) and De Boeck Supérieur (university publishing), each with tailored growth strategy within a distinct market context

  • Larcier, founded in 1839, is one of the oldest and most reputable legal and professional publishers in Belgium. Larcier has a broad product offering comprising online databases, software tools, legal codes, journals, monographs and seminars for legal, fiscal and social professionals. The Company has a strong brands portfolio including Larcier, Bruylant, Promoculture, Stradalex, Lexfin, Fiscalnet, etc. Larcier sells its products in Belgium, Luxembourg and France and has offices in Brussels, Louvain-la-Neuve, Antwerp, Ghent and Luxembourg. Throughout Ergon’s holding period, Larcier grew rapidly through organic (digital) developments and the acquisitions of Bruylant, Promoculture and Standaard Uitgeverij Professioneel. In June 2016, Larcier was sold to Editions Lefebvre Sarrut
  • De Boeck Education is one of the leading educational publishing companies in Belgium. It develops educational methods for primary, secondary and higher education in Flanders and the French Community of Belgium, whereby the traditional printed school books are increasingly complemented with a strong digital offering. De Boeck Education is based in Antwerp and Louvain-la-Neuve. In June 2016, De Boeck Education was sold to Uitgeverij Van In, a subsidiary of Sanoma Learning
  • De Boeck Supérieur is a leading francophone academic publisher. It has a catalogue of almost 3,000 titles and creates more than 250 new publications per year. De Boeck Supérieur has offices in Louvain-la-Neuve and Paris. In February 2015, De Boeck Supérieur was sold to Groupe Albin Michel