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The private equity firm is buying the cosmetics retailer.
June 1, 2015
By: Marie Redding
CVC PArtners, a private quity firm, is buying the German cosmetics retailer Douglas. Douglas is currently owned by private-equity firm Advent International and the Kreke family, and it is is being bought by a holding company jointly owned by CVC and the family, who will maintain a 15% stake, according to the Wall Street Journal. Douglas has been roughly valued at $3.1 billion. The company had plans for an IPO, but the sale changes this strategy.
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