As reported by Bloomberg news agency, the investment fund CVC Capital Partners is studying an offer from the German company Douglas to go public for a value of approximately 7,000 million euros.
As reported by Europa Press, CVC Capital Partners is working together with Rothschild, which acts as advisor, in search of a possible IPO of the business, which in the event that it is carried out, would be on the Frankfurt Stock Exchange in 2024.
CVC took ownership of Douglas more than eight years ago when it acquired it from Advent International for almost €3 billion in 2015.
Reuters news agency reported the equity fund's interest in an initial public offering by the cosmetics, perfume and beauty retailer in 2020, but the project failed to materialise with the impact of the pandemic. At the time, CVC hired Goldman Sachs to explore a possible IPO or sale.
Although Douglas in Spain continues to reduce its presence by closing shops, with 70% of its outlets being closed. The German company, which at the beginning of the year saw 80 shops as the ideal figure for its business in Spain, has, as the months have gone by, lowered this figure again to 75. However, at international level it continues to grow and in the first half of the 2022-2023 financial year, ending in March, saw its net sales increase by 14%, reaching 2,300 million euros.