Advent Seeking Strategic Buyers for Douglas in €3B Range
April 30, 2015
Advent International-backed perfume chain Douglas is said to be attracting interest from strategics and PE firms as it prepares for a roughly €3 billion public offering. Parties rumored to have showed interest include LVMH (the conglomerate comprised of entities such as Louis Vuitton and Moet Hennessey), pharmacy group CVS, CVC Capital Partners and KKR. According to reports, Douglas is expected to post 2015 EBITDA of around €300 million on revenues of €2.5 billion.