4. March 2025
MARTIUS advises founding family Kreke on the restructuring of its shareholding in Douglas AG
Almost one year after the successful IPO of Douglas AG, the founding family Kreke and the financial investor CVC have reorganized their shareholdings in Douglas AG.
Kreke’s investment company Lobelia Lux S.à r.l. acquired a block of shares in Douglas AG with a total value of around 188 million euros from Kirk Beauty International S.A., an investment vehicle previously held by CVC and the Kreke family.
Lobelia Lux S.à r.l. will thus directly hold around 11.5% of the shares in Douglas AG. CVC is now the sole investor behind Kirk Beauty International S.A., but will continue to coordinate with Lobelia Lux S.à r.l. regarding Douglas AG.
Dr. Henning Kreke, Chairman of the Supervisory Board of Douglas AG commented: “The DOUGLAS Group has a clear and convincing growth strategy and I strongly believe in its management and business plan.”
MARTIUS advised the founding family Kreke on all corporate and capital markets law aspects of the transaction with Munich partners Dr. Wolfgang Grobecker and Philipp Opitz.