Private equity firm

Like Douglas, many other IPO candidates come from private equity and are highly indebted. In order for IPOs to be well received by investors, debt must be reduced. More than three times the operating profit is no longer accepted.

The Cum-ex trial against former Warburg Bank CEO and shareholder Christian Olearius could also raise questions about his role within the ownership circle. The financial supervision authority is examining his suitability in an ownership control procedure, potentially opening the dorr for an external investors entry.