Powered by

Advent sells German beauty products chain Douglas to CVC :

Jun 01, 2015 - The Deal Pipeline

Fragrant news wafted in from Germany for investors in Advent International Corp. funds on Monday, June 1, after the Boston buyout firm agreed to sell the beauty products and perfumes retailer Douglas Holding AG to CVC Capital Partners Group in a deal valuing the company at close to Euro3 billion ($3.27 billion).

The decision follows an updated offer from CVC over the weekend and puts paid to an initial public offering for Douglas, just two years after its previous delisting from the Frankf...