EQS-News: DOUGLAS Group plans Initial Public Offering (IPO) on Frankfurt Stock Exchange
Retrieved on:
Wednesday, March 13, 2024
DOUGLAS Group, Europe’s number one omnichannel premium beauty destination, plans a public listing on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange
Key Points:
- DOUGLAS Group, Europe’s number one omnichannel premium beauty destination, plans a public listing on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange
IPO would accelerate the debt reduction and decrease the interest expenses of the company, thus enlarging the financial flexibility of the DOUGLAS Group and its further value creation
Sander van der Laan, CEO DOUGLAS Group: “The DOUGLAS Group is ideally positioned to further capitalize on the large and resilient European premium beauty market. - The offering would comprise a public offering to individual and institutional investors in Germany as well as international private placements.
- Following the completion of the IPO, CVC Capital Partners will continue to hold an indirect majority interest in DOUGLAS Group.
- In the mid-term, the DOUGLAS Group has the ambition to grow group sales (net) at a CAGR of around 7%.