Hengeler Mueller advises Advent International on dual track sale of Douglas

01. June 2015

Private equity investor Advent International and the Kreke family announced on 1 June 2015 that they have signed an agreement to sell beauty retailer Douglas to a holding company jointly owned by CVC Capital Partners and the Kreke family. The Kreke family will remain a shareholder in Douglas, holding a 15% stake. The possibility of an IPO was examined parallel to the sale so that the transaction was conducted in a dual track process.

Hengeler Mueller advised Advent International both relative to the sale and to the proposed IPO. Legal advice on the sale was provided by partners Hans-Jörg Ziegenhain, Daniel Wiegand (both lead partners, M&A, Munich), Thorsten Mäger (Antitrust, Düsseldorf) and Christian Hoefs (Labour, Frankfurt), counsels Astrid Harmsen and Andrea Schlaffge (both IP, Düsseldorf) as well as associates Benjamin Leyendecker-Langner, Georg Heiß, Jakub Lorys (all M&A, Munich), Jörg Meinzenbach (Antitrust, Düsseldorf) and Peter Wehner (Labour, Frankfurt). In terms of the proposed IPO, advice was provided by partners Reinhold Ernst and Dirk Busch (both lead partners, Capital Markets, Düsseldorf), counsel Cecilia Di Ció (Capital Markets, Frankfurt) as well as associates Caspar Haarmann and Christian Häußer (both Capital Markets, Düsseldorf).