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DOUGLAS shareholders in exclusive negotiations with Charterhouse to acquire French perfumery chain Nocibé

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• Contemplated acquisition would create the largest perfumery store network in France
• Customers in France would benefit nation-wide from significantly expanded and more attractive ranges of products and services
• Dr. Henning Kreke, representative of the Kreke family: "This transaction would represent a major milestone in the successful implementation of the joint growth strategy of the Kreke family and Advent International as DOUGLAS’ shareholders.”

Hagen/Frankfurt, 21 October 2013. AI Perfume France SAS, a company controlled by the shareholders of DOUGLAS HOLDING AG, entered into exclusive negotiations with European financial investor Charterhouse Capital Partners to acquire French perfumery chain Nocibé.

With this transaction, DOUGLAS Group, owned by Advent international and founding family Kreke, would further develop its position as a leading perfumery chain in Europe, as it is envisaged that Nocibé would be integrated under the roof of the DOUGLAS HOLDING AG by closing of the transaction.
Douglas and Nocibé are already today among the leading players and rank fourth and third in the French perfumery market. The acquisition of Nocibé by the DOUGLAS Group would create the largest perfumery chain in France, with 625 stores and about 4,000 employees. Together, Douglas and Nocibé would achieve a number two position in terms of turnover.

The two companies both are selective perfumery chains. Customers in France would benefit nation-wide from significantly expanded and more attractive ranges of products and services, including a large variety of exclusive fragrances, cosmetic products and beautician boutiques.

Dr. Henning Kreke, representative of the Kreke family: "Following the delisting of DOUGLAS HOLDING AG by the Kreke family and Advent International, this transaction would represent a major milestone in the successful implementation of our joint growth strategy. As part of our corporate strategy we will continue to successfully expand the position of our perfumeries in Europe, in order to become one of the leading and most competent operators in each country in which we are active in.”

The proposed transaction will be conducted as a joint effort by the Kreke family and by Advent’s Frankfurt and Paris offices, with the Frankfurt team providing specific sector expertise and Advent’s Paris based team supporting with specific knowledge on the French market. Advent has completed over 60 investments in the retail, consumer goods and leisure industry throughout its 29 year history. Investments in the retail sector include French fashion business Gérard Darel, German value fashion retailer Takko, and leading French general merchandise retailer Stokomani.

The proposed transaction is subject to customary approvals, such as the completion of the consultation process with the workers’ councils and antitrust clearance.

About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global investors dedicated solely to private equity. Since inception, the firm has invested in more than 280 buyout transactions in 36 countries, achieving over 230 full or partial exits, and today has €24.3 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 170 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on growth and traditional buyout and strategic repositioning transactions across five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecoms. After 29 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for portfolio companies.
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With annual sales of more than EUR 3 billion, the DOUGLAS Group ranks amongst the leading European retailers. The company represents “Excellence in Retailing” – with outstanding service, top quality products, an experiential store ambiance, and the friendliest employees in the business. The Group’s five retail divisions – Douglas perfumeries, Thalia bookstores, Christ jewelry stores, AppelrathCüpper fashion stores, and Hussel confectioneries – are among the market leaders and trendsetters in their respective sectors. About 24,000 employees provide a high level of service in the 1,900 specialty stores. In its state-of-the-art online shops the DOUGLAS Group also offers its outstanding service on the Internet.
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About Nocibé
Founded in 1984, and headquartered in Lille (North of France), Nocibé is a French perfume retailer. Ranking third in the French perfume retail marketplace in terms of outlets, Nocibé owns 455 perfume stores. The group offers a wide range of products: luxury perfumes, care products, makeup, diet, organic brands, and a wide choice of exclusive emerging brands as well as its own brand of beauty accessories. Nocibé’s product range is also available on the company’s website, offering more than
10,000 goods and 170 different brand names. The company employs about 3,000 employees and generated annual sales of EUR 470 million in 2012.
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