Beauty Store Business - August, 2019

acquisition

CVC Capital Partners Acquires Douglas

CVC Capital Partners announced June 1 that funds advised by CVC have signed an agreement to acquire Douglas--with its 1,700-plus stores in 19 European countries--from a holding jointly held by Advent International and the Kreke family. The purchase price wasn’t disclosed, and the transaction is subject to regulatory approval.
The Kreke family has also agreed with CVC to reinvest in Douglas through a joint-holding company owned by CVC and the Kreke family. Dr. Henning Kreke continues to serve as CEO of Douglas.