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Douglas chooses banks as global coordinators for planned IPO

Published 13/09/2023, 18:50
© Reuters.

DUESSELDORF (Reuters) - German perfume and cosmetics retailer Douglas, majority owned by CVC Capital Partners, has chosen Goldman Sachs (NYSE:GS), Citi, Deutsche Bank (ETR:DBKGn), UniCredit (LON:0RLS) and UBS as global coordinators for a planned IPO, a source familiar with the matter said on Wednesday.

Reuters reported in August that the private equity house was working with advisers at Rothschild & Co to prepare the initial public offering (IPO), which could happen as early as next year.

The IPO could value Douglas at up to 7 billion euros ($7.68 billion), people close to the matter said at the time.

Douglas declined to comment.

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