Sharecast news (posted by Monty8889 Feb 2022 13:45
Deserves its own thread. See below.
(Sharecast News) - THG shares surged on Friday afternoon following a report that private equity firms Advent International, Leonard Green Partners and Apollo were circling the e-commerce company.
According to markets blog Betaville, Advent is working with advisers from Goldman Sachs on its interest in THG alongside the company's founder, Matt Moulding.
It was understood that executives from Advent have visited THG's offices in Manchester in recent months. People following the situation told Betaville that dealmakers from Apollo were visiting the offices and one of the company's warehouses this week.
Advisers from Jefferies were said to be working for THG on fielding interest from the buyout firms. It was unclear on Friday whether the PE firms were working individually on the potential deal or as a consortium. The precise nature of the deal being discussed was also unclear, Betaville said.
There has been speculation about a takeover of THG since last year when founder Moulding suggested in an interview with GQ Magazine that he might be interested in quitting the stock market following the company's float.