Family Aims For PE-Backed Douglas Take-Private


January 20, 2012

A large PE deal is unfolding in Germany with Douglas Holding, a fragrance and consumer products retailer. The company announced in a press release that the founding family, including CEO Henning Kreke, is teaming up with buyout firms with the aim of raising its stake in the company, which has a market value of about 1.2 billion euros. The Wall Street Journal reported that Kreke’s family had approached three buyout firms including Apax Partners and BC Partners to discuss possible plans to take Douglas private.

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