Network Corporate Finance advised FBV Friseurbetriebe- und Verwaltungsgesellschaft mbH in the placement of its shareholding in Essanelle Hair Group AG with institutional investors.
|Industry:||Services & Leisure|
|Project type:||Capital Market Transactions|
In a secondary placement, FBV Friseurbetriebe- und Verwaltungsgesellschaft mbH sold its 16.56% shareholding (745,190 shares) in Essanelle Hair Group AG, Düsseldorf, Germany, to institutional and private investors.
With over 570 outlets and sales of 115 million EUR, Essanelle Hair Group AG is the German hairdressing chain with the highest turnover. With a total of 5 different salon concepts, Essanelle serves over 7 million clients per year. Essanelle has been listed since 2001.
|Transaction value:||not disclosed|
|Sales:||EUR 115 million|
FBV Friseurbetriebe- and Verwaltungsgesellschaft mbH is one of the leading international suppliers of hair-care products and perfumes. The company, which is represented in over 150 countries worldwide and employs a total of 17,040 personnel, achieved sales of 1,550.0 million Euro in the 2004 abridged business year comprising the months of January to June.
The role of Network Corporate Finance
Network Corporate Finance examined various exit options for FBV Friseurbetriebe- und Verwaltungsgesellschaft mbH and advised the clients on the sale.