Park Square Capital Backs Douglas

Park Square Capital, a provider of credit products in Europe, has led a mezzanine investment in European retailer DOUGLAS Holding. The financing was in connection with the voluntary public tender offer by Beauty Holding Three AG, a holding company, which is held indirectly through funds advised by Advent International, for all outstanding shares of DOUGLAS.

PRESS RELEASE

Park Square Capital, LLP (“Park Square”), a leading independent provider of credit products in Europe, announced today that it has led a mezzanine investment in DOUGLAS Holding AG (“DOUGLAS”), a leading European retailer. The financing was in connection with the voluntary public tender offer by Beauty Holding Three AG, a holding company, which is held indirectly through funds advised by Advent International, for all outstanding shares of DOUGLAS. The entire mezzanine tranche was provided by Park Square and its limited partners.
DOUGLAS is based in Hagen, Germany, and operates approximately 1,900 specialty stores across 17 European countries, employing more than 24,000 people. With its five retail divisions – Douglas perfumeries, Thalia bookstores, Christ jewelry stores, AppelrathCüpper fashion stores, and Hussel confectioneries – the group is market leading in its respective sectors.
Robin Doumar, Managing Partner, Park Square, said:
“This transaction provides a compelling opportunity to invest in the buyout of some of Germany’s best known brands with a nationwide and international network. With its experienced management team the DOUGLAS group is well positioned to further continue its success story in partnership with Advent International. We are delighted to provide a mezzanine solution to this large and complex transaction.”
Contacts:
College Hill
Del Jones
Notes to Editors
Park Square Capital, LLP
020 7457 2020
- Ends -
Park Square Capital, LLP is a leading independent provider of credit products in Europe, managing and advising over $3 billion of capital. It was the lead investor in Europe’s two largest mezzanine deals (Alliance Boots and Ziggo).
Park Square was established in late 2004, with the goal of creating an independent investment platform that through patient fund structures and fundamental credit analysis could deliver superior risk-adjusted returns over a long period of time. The firm currently comprises of 35 full time staff, including 17 investment professionals and 7 partners.

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