Douglas Seeks €1.1 Billion in Frankfurt IPO to Fuel Growth and Reduce Debt

Douglas Seeks €1.1 Billion in Frankfurt IPO to Fuel Growth and Reduce Debt

THE WHAT?  Douglas, a European perfume retailer, aims to raise up to €1.1 billion ($1.2 billion) through an IPO in Frankfurt, backed by its private equity owner CVC Capital Partners.

THE DETAILS The fundraising plan includes €800 million from new shares and €300 million from an equity injection by existing shareholders, targeting a valuation over €7 billion. Douglas, with a network of over 1,800 stores in 22 countries and an expanding e-commerce platform, competes in the luxury beauty market against rivals like Sephora. 

THE WHY?  The IPO proceeds are intended for debt reduction, with CVC not selling any shares but remaining a majority stakeholder. Amid a recovering IPO market, Douglas’s listing will test investor appetite, supported by financial institutions like Citigroup Inc., Deutsche Bank AG, Goldman Sachs Group Inc., UniCredit SpA, and UBS Group AG. Douglas’s growth strategy targets a 7% annual sales increase and an 18.5% profit margin.

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