Private equity fragrance and cosmetics retailer Nocibe is close to being acquired by German retail group Douglas at a valuation of between €500m to €550m, according to Les Echos.
Earlier this year London-based mid-market buyout house Charterhouse Capital Partners hired banks to sell the company, which it bought from fellow private equity firm Bridgepoint in 2006 for €490m.
Buyout firms initially said to be looking at a potential deal included LBO France and Chinese investment group Fosun.
Nocibe was founded in 1984 and today employs 3,000 staff and had sales of €670m in 2011.
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