Following last month’s confirmation that it was entering takeover talks, the Douglas Group’s founder, the Kreke Family, and Advent International intend to make a voluntary takeover offer for all shares in Douglas Holding AG. They will do this through Beauty Holding Three AG, a holding company, which is held indirectly through funds advised by Advent International.
Both Advent and the Kreke family have accordingly stated that the acceptance of 50.5% of the share of the share capital of Douglas Holding AG has already been secured. The Kreke family, as well as the major shareholders Oetker and Müller, have made a binding commitment to accept the offer at the announced price and to sell their shares. With execution of the public tender offer the Kreke family will become an indirect 20% shareholder in Beauty Holding Three. The remaining shares are held by funds advised by Advent International.