Private equity firms like Advent International and Leonard Green are, reportedly, eyeing a buyout of online retail bigwig The Hut Group, better known as THG.
Notably, the executives from Advent International seem to have visited THG’s Manchester headquarters, if media reports are to be believed.
Besides the aforementioned private equity giants, another private equity firm Apollo too has been linked with a deal to acquire THG.
However, the probability of Apollo buying THG is less as the former is already one of THG’s debtholders.
Importantly, if and when the deal happens, it is likely that private equity buyers may opt for re-listing the firm in the US, where investors are more accepting of fast-growing firm’s returning minimal profits.
The move by private equity firms to consider buying THG comes in the wake of latter’s share price falling lately.
Founded in 2004, the renowned British clothing, beauty, footwear and handbag online retailer runs more than 100 international websites that takes brands direct to consumer through its proprietary e-commerce platform.
