M&A Deal Summary

CVC Capital Partners Acquires Douglas

On June 1, 2015, private equity firm CVC Capital Partners acquired retailer Douglas from Advent International

Acquisition Highlights
  • This is CVC Capital Partners’ 15th transaction in the Retail sector.
  • This is CVC Capital Partners’ 8th transaction in Germany.

M&A Deal Summary

Date 2015-06-01
Target Douglas
Sector Retail
Buyer(s) CVC Capital Partners
Sellers(s) Advent International
Deal Type Secondary Buyout

Target

Douglas

Hagen, Germany
Douglas is a premium beauty retailer with about 2,400 stores and fast-growing online shops in 21 European countries. Douglas has a portfolio of some 38,000 high-quality products in the areas of perfumery, decorative cosmetics and skincare. Douglas was founded in 1910 and is based in Hagen, Germany.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 173 of 328
Sector: Retail M&A 15 of 19
Type: Secondary Buyout M&A Deals 29 of 78
Country: Germany M&A 8 of 15
Year: 2015 M&A 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Virgin Active

London, United Kingdom

Virgin Active is an international health club operator, with clubs across four continents in eight countries (South Africa, UK, Italy, Australia, Namibia, Botswana, Thailand, and Singapore), serving over 1.2 million members worldwide. Virgin Active was founded in 1999 and is based in London, United Kingdom.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-09 Fidelis Insurance

Pembroke, Bermuda

Fidelis Insurance is a provider of insurance underwriting and reinsurance services. The Company underwrites specialty lines of insurance focused on energy, marine, property, aviation, and political risk out of Bermuda and London, with a balance between insurance and reinsurance. Fidelis Insurance was founded in 2014 and is based in Pembroke, Bermuda.

Buy $1.5B

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 154 of 233
Sector: Retail M&A 13 of 17
Type: Secondary Buyout M&A Deals 40 of 59
Country: Germany M&A 12 of 16
Year: 2015 M&A 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-18 Lowell

Leeds, United Kingdom

Lowell is a credit management services group. The Group’s expertise in the debt recovery segment ranges from the trust management of commercial and credit receivables through to evaluating, taking over and handling personal loans and mortgages. Lowell was founded in 1992 and is based in Leeds, United Kingdom.

Sell €600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-19 Nexi

Milan, Italy

Nexi provides electronic money and payment services to banks, small and medium-sized enterprises, large international corporations, institutions, and public administrations in Italy, Nordics and Baltics, Germany, Austria, Switzerland, Poland, Southeast Europe, and internationally. The company offers payment processing and acceptance services; configuration, activation, and maintenance of Point of Sales terminals; fraud prevention services; and dispute management services, as well as customer support and value-added services. Nexi was founded in 1939 and is headquartered in Milan, Italy.

Buy €2.2B