Munich/ Frank­furt a. M. — The DOUGLAS Group (“DOUGLAS”), Europe’s leading distri­bu­tor of beauty products, has retur­ned to the Frank­furt Stock Exch­ange after a break of seve­ral years. The total place­ment volume is around 34.2 million shares at a price of EUR 26.00 per share. Around 32.7 million of these are newly issued shares and around 1.5 million are exis­ting shares. Trading on the regu­la­ted market of the Frank­furt Stock Exch­ange (Prime Stan­dard) commen­ced on March 21, 2024. POELLATH provi­ded the Kreke family with compre­hen­sive tax advice in connec­tion with the IPO.

The total volume of the offe­ring amounts to appro­xi­m­ately EUR 890 million with gross proceeds for DOUGLAS of appro­xi­m­ately EUR 850 million, corre­spon­ding to a market capi­ta­liza­tion of appro­xi­m­ately EUR 2.8 billion. The proceeds from the IPO, toge­ther with an addi­tio­nal equity injec­tion, available cash and capi­tal inflows from a new EUR 1.6 billion loan agree­ment, will be used to fully redeem (refi­nance) the exis­ting finan­cial liabilities.

POELLATH advi­sed the Kreke family, which still holds around 10.2 percent of the Douglas shares after the IPO, compre­hen­si­vely on tax matters in connec­tion with the IPO with the follo­wing Munich team:
Dr. Michael Best (Part­ner, Tax), Dr. Tobias Deschen­halm (Senior Asso­ciate, Tax), Corne­lius L. Roth (Asso­ciate, Tax)

About POELLATH

POELLATH is a market-leading inter­na­tio­nal busi­ness and tax law firm with more than 180 lawy­ers and tax advi­sors in Berlin, Frank­furt and Munich. We stand for high-end advice on tran­sac­tions and asset manage­ment. We offer legal and tax services from a single source. In our selec­ted and highly specia­li­zed prac­tice groups, we not only know the law, but also shape best prac­tice in the market toge­ther with our clients. Natio­nal and inter­na­tio­nal rankings regu­larly list our consul­tants as leading experts in their field.