Antitrust authorities issue approval for takeover of DOUGLAS Holding AG

Antitrust authorities issue approval for takeover of DOUGLAS Holding AG – The European Commission and the Swiss Competition Commission COMCO each issued their approval on 16 November 2012 for a possible takeover of DOUGLAS Holding AG by Beauty Holding Three AG. The DOUGLAS founding family Kreke and Advent International have achieved a key milestone in securing the success of the voluntary public tender offer in line with the original timeline.
Beauty Holding Three AG, held indirectly through funds advised by Advent International, published the offer document for the voluntary public tender offer for the acquisition of all shares in DOUGLAS Holding AG on 31 October 2012. With completion of the voluntary public tender offer, the Kreke family will become an indirect 20 percent shareholder in Beauty Holding Three AG.

DOUGLAS shareholders may currently tender their shares at a price of EUR 38 per share in cash. The acceptance period ends at midnight (CET) on 4 December 2012. The voluntary public tender offer is subject to a minimum acceptance threshold of 75 percent.

Ranjan Sen, General Manager of Advent International in Frankfurt, said: “We are delighted that the antitrust authorities issued their approval for a possible takeover of DOUGLAS Holding AG so swiftly. The next milestone will be attaining shareholder approval.”

[[Text: Advent/Kreke, Logo: Douglas]


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