DOUGLAS Group acquires USD 220M financing via German private placement to repay debts

GERMANY – The DOUGLAS Group, a German multinational perfumery and cosmetics chain, has secured €200 million(USD 220 million) through a German private placement (Schuldscheindarlehen) to fully repay a €450 million bridge facility.

The facility was established after the company’s IPO at the Frankfurt Stock Exchange. 

Combined with €250 million(USD 272.48 million) from operational liquidity, the funds were utilized to repay that debt fully.

This financing was achieved without in rem security, marking a significant step in the company’s financial strategy.

The repayment was made at the first due date, avoiding potential extensions and saving approximately €3.3 million(USD 3.6 million) in interest costs.

Mark Langer, CFO of the DOUGLAS Group, said, “This step and the repayment of debt with our operational liquidity are a clear signal: We shall and will significantly reduce our debt.”

“Our continuously improving financial profile and increasing financial flexibility are key to the further expansion of our successful business model. We believe we are well set for the future.”

Initially marketed at €150 million(USD 163.56 million), the private placement exceeded expectations, reaching €200 million(USD 218.08 million).

Four arranging banks supported it, attracting investors from Germany and abroad. 

The placement has three to seven years of maturity, diversifying the company’s debt profile and reducing overall financing costs.

Douglas Group recently appointed Marco Giorgetta, the new Chief Financial Officer (CFO) of Douglas Southern Europe and Italy. 

This appointment follows the decision by Mark Langer to step down after four successful years in the position. 

The transition, effective May 1, has been carefully planned to ensure a seamless handover and stability within the organization.

Under Mark Langer’s leadership, the DOUGLAS Group achieved significant milestones, including the IPO at the Frankfurt Stock Exchange and the implementation of key financial strategies. 

Marco Giorgetta, with his extensive background in finance and retail, joined DOUGLAS Italy as CFO in 2017 and later expanded his role to oversee Southern Europe.

Marco Giorgetta will oversee the company’s overall financial strategy and operations. 

In addition, he will play a key role in driving strategic initiatives, such as optimising the company’s debt structure, supporting growth plans, and enhancing financial transparency.

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