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)