DOUGLAS Group Announces IPO on Frankfurt Stock Exchange

DOUGLAS Group, the leading omnichannel premium beauty destination in Europe, has announced its plans for an Initial Public Offering (IPO) on the Frankfurt Stock Exchange's Regulated Market (Prime Standard). This strategic move aims at accelerating debt reduction and enhancing financial flexibility, thereby facilitating further value creation for the company. The IPO is expected to be completed in the first quarter of 2024, depending on market conditions.

The group intends to raise around 1.1 billion euros through the IPO and an additional equity injection from its current shareholders, CVC Capital Partners, and the Kreke family. This capital will primarily be used for significant deleveraging of the group's balance sheet. Post-IPO, CVC Capital Partners will retain an indirect majority interest, with the Kreke family also remaining as an indirect shareholder. Both entities will not sell any shares during the IPO.

DOUGLAS Group has demonstrated strong performance, with a continuous growth path in the European premium beauty market. With its 'Let it Bloom – DOUGLAS 2026' strategy, the company is well-positioned to leverage its market leadership and omnichannel business model for further growth. The IPO represents a key milestone in the group's growth journey, enabling it to capitalize on the expanding and resilient premium beauty market in Europe.