Filtering by: “Germany”
Douglas AG
Mar
21

Douglas AG

Douglas AG (Ticker: DOU GR) is a leading perfume and cosmetics retailer based in Germany, operating over 2,400 stores across 26 European countries. Founded in 1910, Douglas offers a wide range of premium beauty and personal care products through its extensive store network and online platform.

Douglas AG will list on the Frankfurt Stock Exchange on March 21, 2024. The firm is selling 32.69 million shares at the price range of EUR 26.00 to EUR 30.00. The expected market capitalization at offer is EUR 3.1 billion (USD 3.37 billion). The total offer size is EUR 980.77 million (USD 1.06 billion). The offering includes a primary offering of 100% of the shares and a secondary offering of 5.81% or 1.90 million shares.

The company plans to use the proceeds primarily for debt reduction, as Douglas had more than EUR 3 billion of net debt at the end of December 2023. The owners, CVC Capital Partners and the Kreke family, have committed to injecting around EUR 300 million of additional capital to bolster the group's balance sheet. The offering is managed by a consortium of investment banks, including Goldman Sachs, JP Morgan, and Deutsche Bank.

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Renk GmbH
Feb
7

Renk GmbH

Renk GmbH (Ticker: R3NK GR) is a defense company specializing in the production of tank gearboxes. The company is based in Germany and has announced its initial public offering on the Xetra exchange. RENK GmbH plans to list on February 7, 2024, and is expected to raise EUR 352.5 million from the offering. The price range for the IPO has been set at EUR 15.00 per share, with a total of 23.5 million shares offered, supplemented by a greenshoe option of 3.53 million shares, bringing the total to approximately 26.96 million shares if the option is exercised. The offering is managed by a consortium of banks including Citibank Athens, Commerzbank AG, Deutsche Bank AG London, GS Kostakopoulos & Associates, JP Morgan, Kepler Cheuvreux, LBBW Securities LLC, and UniCredit Bank AG/Greece.

The listing values Renk at EUR 1.5 billion, allowing private equity owner Triton to raise EUR 450 million. Significant support for the IPO comes from two anchor investors: KNDS, a key client and manufacturer of the Leopard 2 tank, and Wellington Management, an investment firm heavily invested in defense stocks.

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