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UPDATE 1-Bids lined up for French perfume chain Nocibe - paper
June 12, 2013 / 10:47 AM / 4 years ago

UPDATE 1-Bids lined up for French perfume chain Nocibe - paper

* Douglas, LBO France interested - paper

* Bid deadline reported to be end-June (Adds Douglas Holding no comment)

PARIS, June 12 (Reuters) - French perfume and cosmetics retailer Nocibe has received expressions of interest from German perfume-to-books group Douglas Holding and from French private equity firm LBO France in an alliance with Chinese conglomerate Fosun, French daily Le Figaro said.

The seller, British private equity group Charterhouse, has pushed back the deadline to enter firm offers to the end of June, the paper said. An LBO France spokesman declined to comment on the report.

The paper said that a succesful bid by Douglas Holding would make Nocibe the second-biggest perfume chain in France, behind LVMH-owned Sephora and ahead of Marionnaud.

No agreement has been signed between LBO France and Fosun, which is studying the potential of Nocibe in China, the paper added.

Douglas Holding and Advent, the private equity firm that recently helped to take the company private, both declined to comment on the report. Nocibe was not immediately available for comment.

Fosun is also preparing a bid for French tourism group Club Mediterranee in alliance with AXA Private Equity . (Reporting by Geert De Clercq and Alexandre Boksenbaum-Granier; Additional reporting by Victoria Bryan and Matthias Inverardi; Editing by David Goodman)

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