P+P advised the Kreke family owners on the sale of Douglas AG
P+P represented the Kreke family, owners of Douglas AG, with regard to the sale of Douglas AG through a joint company owned by the Kreke family and the financial investor Advent International to funds of the financial investor CVC Capital Partners (CVC). The Kreke family remains involved as a shareholder in Douglas by way of a common holding company, together with CVC. The purchase price was not disclosed.
Douglas was founded in 1821 in Hamburg and is the leading perfumery chain in Europe, with 1,700 stores in 19 countries and a pro forma annual turnover of approximately EUR 2.5 billion (2013/2014).
P+P advised on various aspects of the transaction with the following Munich team:
- Dr. Wolfgang Grobecker (partner, lead, corporate, capital market law)
- Dr. Michael Best (partner, tax)
- Dr. Alexander Ego (counsel, corporate, capital market law)
- Dr. Nico Fischer (counsel, tax)
- Gerald Herrmann (associate, tax)
P+P already advised the Kreke family on the investment by Advent International in Douglas.
