18 Sep 2017
- Placing Size:
- Post Deal Mkt Cap: n/a
Zeus Capital acted as broker to The Hut Group Limited in connection with a £125m equity investment by Old Mutual Global Investors (OMGI)
The Hut Group Limited (the “Group” and “THG”), one of the world’s largest online Health and Beauty retailers, brand owners and technology platforms, is delighted to welcome OMGI to the shareholder register. OMGI has approximately £29 billion under management and this marks a first private sector transaction for OMGI as they broaden their investment abilities.
THG is a nimble giant with a start-up culture, led by founder Matthew Moulding. Built on a foundation of proprietary industry-leading technology, a world-class team and a scientific approach to building global brands, THG is fast becoming the world’s most influential online retail organisation.
In the year to 31 December 2016, THG grew Group Sales by 50% (to £501m), with International Sales growing by 89% (to £316m). EBITDA grew 67% to £50m. Over half of THG’s sales now come from own brand products.
Part of the Northern Powerhouse, based near Manchester, THG operates over 140 highly profitable websites retailing premium non-perishable FMCG products direct to consumers across the fast growing global Health & Beauty markets.
Zeus Capital is one of the UK's leading corporate finance advisers and capital raisers for growth companies. Since 2013, Zeus Capital has raised over £4.2bn across public and private capital markets.