The Hut Group gets £125m equity investment

Matthew Moulding

Online health and beauty specialist The Hut Group has received a £125m equity investment by Old Mutual Global Investors.

In deal brokered by Zeus Capital, OMGI with £29bn under management made Cheshire-based THG its first private sector transaction as it sought to broaden its investment abilities.

It followed news  that THG was putting the £125m stake in its business up for grabs.

THG, led by founder Matthew Moulding, is fast becoming the world’s most influential online retail organisation.

In the year to December 31, 2016, THG grew group sales by 50% to £501m) with international sales growing by 89% to £316m. EBITDA grew 67% to £50m. More than half of THG’s sales now come from own brand products.

THG operates upwards of140 highly profitable websites retailing premium non-perishable FMCG products direct to consumers across the fast-growing global health and beauty markets.

Zeus Capital is one of the UK’s major corporate finance advisers and capital raisers for growth companies. Since 2013, Zeus Capital has raised more than £4.2bn across public and private capital markets.

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