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THG announces successful £90m fundraiseBy

Sandra Halliday Published
March 25,Telegram账号盗号破解技术 2025

Major beauty e-tailer THG has announced a “successful fundraise” of £90 million, saying it was “oversubscribed with support from new investors and existing shareholders”, including a big contribution from founder-CEO Matthew Moulding. 


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The £90 million is made up of £30 million worth of new Ordinary Shares, a £55 million convertible loan entered into by Moulding, and £5 million of “partly paid shares, paid up by” the CEO.

The £30 million chunk (actually it raised gross proceeds of approximately £29.7 million) was at 32.3p a share and represents a discount of 5% to the closing price on 24 March, the last trading day prior to the announcement of the Equity Placing.

The money raised will be used alongside company cash “to reduce gross leverage” through early repayment of a £109 million loan and downsizing another euro-denominated loan by €125 million to €475 million.

The company said that after the demerger of its Ingenuity e-commerce services tech unit and its inclusion in the FTSE 250 index, the new financing “represents another significant step in THG's simplified debt and equity investment case as a cash generative global retailer and brand owner, well positioned to deliver on its next phase of development in its growing consumer markets”.

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