Douglas Confirms Buyout Play For PE-Backed Perfume Co.

Law360, New York (October 21, 2013, 1:34 PM EDT) -- Private equity-backed retailer Douglas Holding AG confirmed Monday it is in exclusive talks to take over French perfume company Nocibe, answering rumors that bubbled up last week and staging a transaction that would create one of Europe's largest perfume chains.

The prospective tie-up would make good on a strategic shift promised when Advent International Corp. secured approval for its Douglas takeover last year. Along with the German company's founding family, Advent sketched out a strategy that would emphasize Douglas' thriving perfume and jewelry operations over its...
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