By  on October 15, 2012

BERLIN Advent International has made a voluntary public offer for Douglas Holding AG, ending months of speculation over a pending takeover of the German perfumery, jewelry, fashion, confectionery and book retail group.

Beauty Holding Three AG, a Hamburg-based holding company owned indirectly by the global private equity firm Advent International, is offering 38 euros, or $49.23 at current exchange, per share in cash. Already secured is 50.5 percent of Douglas Holding AG’s share capital, with binding commitments secured from the Kreke family, founders of Douglas, as well as the group’s major shareholders Oetker and Müller to accept the offer at the announced price and sell their shares.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus