MUNICH, October 27, 2014 –The international law firm Milbank, advised Douglas Holding AG and its parent company AI Beauty & Cy SCA on the sale of CHRIST jewellery stores to the financial investor 3i.
CHRIST ranks among Germany's leading jewellery and watch retailers with a nationwide market presence and strong brand recognition. The company now operates 220 stores throughout Germany as well as its own online shop. In the financial year 2013/2014 CHRIST recorded revenues of approx. EUR 400 million.
The Milbank Team headed by Dr. Norbert Rieger comprehensively advised the owners on the sale. This included the legal structuring of the transaction and design and negotiation of the documentation, including tax matters and merger control aspects. The transaction is still subject to approval by the regulatory authorities.
Advisor Douglas Holding AG, AI Beauty & Cy SCA: Milbank, Tweed Hadley & McCloy LLP Norbert Rieger (lead, Corporate/M&A, Munich), Andrea Eggenstein (Corporate/M&A, Frankfurt), Rolf Füger (Tax, Munich), Alexander Rinne (Competition, Munich), Thomas Ingenhoven (Finance, Frankfurt), Dominic Köstner, Dominik Waldvogel (both Corporate/M&A, Munich), Matthias Schell (Tax, Munich), Moritz Lichtenegger (Competition, Munich), Alexander Klein (Finance, Frankfurt) Inhouse Team Douglas Holding AG: Ingo Beckwermert (deputy director legal & corporate issues), Victoria Sylla (legal department)
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm founded in 1866 in New York City. Today Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Singapore, Tokyo and Washington, DC and is present in all major financial and economic centers of the world. Milbank focuses its worldwide legal services in the areas of finance, transactions and litigation.
The first European office was opened in 1979 in London, followed by Frankfurt in 2001 and Munich in 2004. Due to the close cooperation of the German offices with the finance, corporate, cartel and tax lawyers practicing in other Milbank offices, in particular London and New York, Milbank Germany is in a position to provide fully integrated legal advice on the highest level in all these core areas pursuant to German, English and US law.
