DOUGLAS Group Announces Price Range for Upcoming IPO

DOUGLAS Group, recognized as Europe's leading premium beauty retailer, has officially set the price range for its Initial Public Offering (IPO) shares. With a price range established at 26.00 euro to 30.00 euro per share, the company plans to offer up to approximately 32.7 million newly issued shares. This initiative could elevate the total offer size up to 907 million euro, aiming for a market capitalization between 2.8 billion euro and 3.1 billion euro.

The IPO marks a significant stride towards enhancing DOUGLAS Group's financial flexibility, with gross proceeds from the primary shares targeted at approximately 850 million euro. The proceeds, alongside an additional 300 million euro equity injection from the current shareholder, will support the company's ambitious growth strategy and its ongoing efforts to deleverage its balance sheet.

With the offer period commencing on March 12, 2024, and anticipated to conclude on March 19, 2024, the first day of trading is scheduled for March 21, 2024, at the Frankfurt Stock Exchange. This move aligns with the company's "Let it Bloom" strategy, initiated last spring, aiming at positioning DOUGLAS optimally within the thriving market.

Upon successful listing, the expected free float will range from 29.3% to 31.8%, excluding any potential stabilization measures. The move also involves a secondary placement of up to around 1.9 million shares to cater to the tax obligations associated with the company's management equity programs.

Main indirect shareholders, including CVC Capital Partners and the Kreke family, will remain significantly invested, retaining indirect holdings of between 54.4% and 55.5% for CVC and 10.2% and 10.4% for the Kreke family, respectively. The IPO will also introduce Pamela Knapp and Georgia Garinois-Melenikiotou as new supervisory board members, further bolstering DOUGLAS's leadership with seasoned experts.