Douglas Perfumeries on sales for 3 billion euros
The company’s valorization is upward of 10-times its EBITDA, which in 2014 was more than 300 million euros, or $398.9 million at average exchange for the year. That values Douglas at over of 3 billion euros, or $3.25 billion at current exchange. “The shareholders would like to exit,” said a management board, confirming reports that circulated in March.
Douglas is currently 80 percent held by private equity firm Advent International and 20 percent by the founding Kreke family. Possibilities include a public offering or a new fund or funds entering the business, for instance. Banks involved in a possible sale or listing include J.P. Morgan and reportedly Goldman Sachs.