05.07.2018
AURELIUS Equity Opportunities SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS subsidiary Scandinavian Cosmetics strengthens its market position in Norway and Sweden
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s):
Takeover
AURELIUS subsidiary Scandinavian Cosmetics strengthens its market position
in Norway and Sweden
05.07.2018 / 07:00
The issuer is solely responsible for the content of this announcement.
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AURELIUS subsidiary Scandinavian Cosmetics strengthens its market position
in Norway and Sweden
- The acquisition of Solis International Cosmetics AS and Alf Sörensen AB
broadens the company's market position substantially
- These acquisitions will increase the revenues of Scandinavian Cosmetics
Group to well over EUR 100 million
- Accelerated growth of the existing luxury and consumer brands portfolio,
and improved positioning of new brands
Munich / Malmö (Sweden), July 5, 2018 - The Scandinavian Cosmetics Group, a
subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN:
DE000A0JK2A8), will acquire the Norwegian company Solis International
Cosmetics AS and its Swedish subsidiary Alf Sörensen AB, effective June 30,
2018. This will strengthen the market position of the Scandinavian Cosmetics
Group, which is the largest manufacturer-independent luxury and consumer
brand management company for perfumes, cosmetics, hair care and skin care
products in Denmark, Norway, Sweden and Finland. These acquisitions will
increase the revenues of the Scandinavian Cosmetics Group by more than 15
percent to well over EUR 100 million. The business combination can further
boost the above-average growth rate of the existing brand portfolio. At the
same time, the ability to develop brands with a not-as-strong market
presence will be permanently enhanced.
Solis International Cosmetics, based in Oslo, Norway, and Alf Sörensen,
headquartered in Stockholm, Sweden, are the second-biggest and third-biggest
independent distributors respectively of perfumes, skin care products,
makeup and other cosmetic products of many well-known brands in their
markets, and therefore make a perfect fit with the Scandinavian Cosmetics
Group's expansion strategy. Scandinavian Cosmetics already offers an
extensive range of services related to online and offline brand development
and market access in all relevant distribution channels, mainly perfume
shops, drugstores, premium department stores and online shops. This will be
further expanded strategically in the future.
"Since acquiring Scandinavian Cosmetics in early 2016 we have successfully
broadened our position as an attractive partner for the positioning and
marketing of luxury and consumer brands in the cosmetics and perfumes
segment. With Scandinavian Cosmetics, we want to expand further, both
organically and by means of a long-term M&A strategy," said Nils Haase, the
AURELIUS Vice President responsible for the realignment of Scandinavian
Cosmetics. "This acquisition is an important milestone in this plan."
About the Scandinavian Cosmetics Group
The Scandinavian Cosmetics Group emerged from the acquisition of the
distribution business of Valora AG, and has belonged to the AURELIUS Group
since January 1, 2016. It is the market-leading independent distributor of
high-quality cosmetics and perfumes in Scandinavia, with operations in
Denmark, Sweden, Norway and Finland. As a specialist in high-quality
cosmetics and fragrances in the premium and luxury segment, and with
extensive market access, the company covers all relevant distribution
channels, primarily perfume shops, drugstores, premium department stores and
online shops.
ABOUT AURELIUS
AURELIUS Group is a pan-European investment group with offices in Munich,
London, Stockholm and Madrid. Since it was founded in 2006, AURELIUS has
grown from a local turnaround investor to an international multi-asset
manager investing in a wide range of sectors and across the capital
structure.
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker
Symbol: AR4) represents the listed entity within the AURELIUS Group that
focusses on investing in special situations and mid-market transaction
opportunities. AURELIUS Equity Opportunities currently has 21 portfolio
companies located across Europe which employ around 20,000 people and
generate annual revenues of more than EUR 3.5 billion. The shares of
AURELIUS Equity Opportunities are traded on all German stock exchanges. The
company's market capitalization is approximately EUR 1.6 billion (as of July
2018).
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides
comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.de
CONTACT
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: [email protected]
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05.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: AURELIUS Equity Opportunities SE & Co. KGaA
Ludwig-Ganghofer-Straße 6
82031 Grünwald
Germany
Phone: +49 (0)89 544 799-0
Fax: +49 (0)89 544 799-55
E-mail: [email protected]
Internet: www.aureliusinvest.de
ISIN: DE000A0JK2A8
WKN: A0JK2A
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Hamburg,
Munich (m:access), Stuttgart, Tradegate Exchange
End of News DGAP News Service
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701687 05.07.2018
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