CVC Capital Partners is reportedly looking into a potential IPO for Douglas, the German cosmetics and perfume retail major.
The move was first reported by Bloomberg News, which said the private equity giant is working with advisers at Rothschild & Co. The report cited unnamed sources as adding that the stock market listing could happen as early as 2024, potentially valuing Douglas at up to €7bn.
CVC acquired Douglas in 2015 from Advent International, in a deal worth nearly €3bn. There have been previous reports of a potential return to the stock market, but nothing materialized.
The latest report comes as IPO markets in Europe are slowly gearing up, following a lull due to global factors.
