US hedge fund brings UDG stake to above 5 per cent

Kabouter Management was founded by Peter Zaldivar and Marcel Houtzager

Barry J Whyte

Chief Feature Writer @whytebarry
9th July, 2017

A Chicago-based hedge fund has paid £21.5 million (€24.5 million) to bring its stake in the Irish drug company UDG Healthcare above 5 per cent.

Kabouter Management, founded by Peter Zaldivar and Marcel Houtzager, now holds a stake in UDG worth more than £107.5 million (€121.5 million) at the company’s current share price of £8.66.

The firm last bought a chunk of shares in UDG in November, according to filings only reported last week,...

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