PARIS — Douglas Group said Monday that it plans a public listing on the regulated market of the Frankfurt Stock Exchange as early as March 2024, subject to capital market conditions.
The Düsseldorf, Germany-based beauty retailer targets an equity contribution of around 1.1 billion euros, including the targeted IPO primary proceeds and an added equity injection of around 300 million euros from the present shareholders, it said in an announcement.
Group shareholders include Kirk Beauty International SA, the holding company majority owned by funds advised by CVC Capital Partners and the Kreke family.
IPOs are heating up within the European beauty market, with Puig and reportedly Galderma mulling public offers.
“The proceeds are expected for use to proceed deleveraging the Douglas Group’s balance sheet,” the corporate...
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