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Published
Feb 7, 2022
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THG shares rise as private equity firms circle - reports

Published
Feb 7, 2022

Buyout rumours have intensified surrounding The Hut Group based on the struggling online retail giant’s share price volatility.


THG


US Private equity giants Advent and Leonard Green are understood to be running the rule over the beauty, wellness and software giant, co-founded by Matt Moulding. 

Various reports also said insiders have claimed executives from Advent recently visited THG's offices in Manchester. And a further report by City blog Betaville also claimed that rival Apollo was also set to visit THG this week. Apollo is already one of THG’s debt holders, sources noted.

Advisers at Jefferies are said to be working for THG on a deal with the private equity firms that could be working as a consortium. 

That intensified interest saw its shares jump 18.6% to 135.4p on Friday, valuing the online retailer at £1.65 billion. 

THG’s shares have slumped 82% over the past year amid growing concerns over its corporate governance, cashflows and the value of Ingenuity, the tech platform licensed by THG to other online retailers.

City sources said if private equity were to buy THG, they may seek to re-list it in the US, where investors are readier to tolerate minimal profits from fast-growing businesses.

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