Munich\/ Frank\u00adfurt a. M. \u2014 The DOUGLAS Group (\u201cDOUGLAS\u201d), Euro\u00adpe\u2019s leading distri\u00adbu\u00adtor of beauty products, has retur\u00adned to the Frank\u00adfurt Stock Exch\u00adange after a break of seve\u00adral years. The total place\u00adment 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 exis\u00adting shares. Trading on the regu\u00adla\u00adted market of the Frank\u00adfurt Stock Exch\u00adange (Prime Stan\u00addard) commen\u00adced on March 21, 2024. POELLATH provi\u00added the Kreke family with compre\u00adhen\u00adsive tax advice in connec\u00adtion with the IPO.<\/p>\n
The total volume of the offe\u00adring amounts to appro\u00adxi\u00adm\u00adately EUR 890 million with gross proceeds for DOUGLAS of appro\u00adxi\u00adm\u00adately EUR 850 million, corre\u00adspon\u00adding to a market capi\u00adta\u00adliza\u00adtion of appro\u00adxi\u00adm\u00adately EUR 2.8 billion. The proceeds from the IPO, toge\u00adther with an addi\u00adtio\u00adnal equity injec\u00adtion, available cash and capi\u00adtal inflows from a new EUR 1.6 billion loan agree\u00adment, will be used to fully redeem (refi\u00adnance) the exis\u00adting finan\u00adcial liabilities.<\/p>\n
POELLATH advi\u00adsed the Kreke family, which still holds around 10.2 percent of the Douglas shares after the IPO, compre\u00adhen\u00adsi\u00advely on tax matters in connec\u00adtion with the IPO with the follo\u00adwing Munich team:
\nDr. Michael Best (Part\u00adner, Tax), Dr. Tobias Deschen\u00adhalm (Senior Asso\u00adciate, Tax), Corne\u00adlius L. Roth (Asso\u00adciate, Tax)<\/p>\n
About POELLATH We offer compre\u00adhen\u00adsive services in the follo\u00adwing areas: Mergers & Acqui\u00adsi\u00adti\u00adons | Private Equity | Venture Capi\u00adtal | Private Funds | Real Estate Tran\u00adsac\u00adtions | Corpo\u00adrate and Capi\u00adtal Market Law | Finan\u00adcing | Tax Law | Succes\u00adsion and Assets | Foun\u00adda\u00adti\u00adons and Non-Profit Orga\u00adniza\u00adti\u00adons | IP\/IT, Distri\u00adbu\u00adtion and Anti\u00adtrust Law | Liti\u00adga\u00adtion and Arbitration.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Munich\/ Frank\u00adfurt a. M. \u2014 The DOUGLAS Group (\u201cDOUGLAS\u201d), Euro\u00adpe\u2019s leading distri\u00adbu\u00adtor of beauty products, has retur\u00adned to the Frank\u00adfurt Stock Exch\u00adange after a break of seve\u00adral years. The total place\u00adment 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 [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":51141,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1368,1369],"tags":[],"class_list":["post-51137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-consultants-auditors","category-investors"],"yoast_head":"\n
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\nPOELLATH is a market-leading inter\u00adna\u00adtio\u00adnal busi\u00adness and tax law firm with more than 180 lawy\u00aders and tax advi\u00adsors in Berlin, Frank\u00adfurt and Munich. We stand for high-end advice on tran\u00adsac\u00adtions and asset manage\u00adment. We offer legal and tax services from a single source. In our selec\u00adted and highly specia\u00adli\u00adzed prac\u00adtice groups, we not only know the law, but also shape best prac\u00adtice in the market toge\u00adther with our clients. Natio\u00adnal and inter\u00adna\u00adtio\u00adnal rankings regu\u00adlarly list our consul\u00adtants as leading experts in their field.<\/p>\n