KK Group pays 100 million pounds to the British electric dealer the hut to buy its 20% stake

Absrtact: July 22 news, billion power network learned that the world's leading private equity investment institutions KKR Group (Kohlberg Kravis ROBERTSCO.L.P, KKR) has determined to the UK online retailer The hut to pay 100 million pounds to buy the company 20% stake. After the deal

July 22 News, billion power network learned that the world's leading private equity investment institutions KKR Group (Kohlberg Kravis ROBERTS&CO.L.P, KKR) has determined to the UK online retailer The hut pay 100 million pounds to buy the company 20% Equity。 Upon completion of the transaction, the hut's latest valuation will reach £ 500 million.

Screenshot of the Hut Group website

Just two months ago, the hut announced a cancellation of its IPO plan for the London Stock Exchange, which was valued at £ 350 million, due to the turmoil in the global technology concept stock market.

Billion power network to understand that the Hut Group was founded in 2004, the founder and CEO of Matthew Moulding, the current main business includes: cosmetics, entertainment supplies, fashion supplies, handbags, shoes and gifts. The hut has been developing and merging online retail websites in different fields, and now owns 15 e-commerce sites such as Hqhair, Beauty Expert, Mankind and coggles.

The hut founder and Ceomatthew Moulding

According to The Sunday Times, the Hut chief executive, Matthew Moulding, had a 17% per cent stake in the company, and as part of the deal, its share ratio would rise to 20%.

It is reported that the total sales of the Hut group in 2013 amounted to 184.3 million pounds, compared to the 2012 157.2 million pounds increased by 17.2%, core profit EBITDA from 10.1 million pounds increased from 48.5% to 15 million pounds, pre-tax profit to achieve 3.97 million pounds, Almost 13 times times the size of 2012.

Public information shows that the hut's fund supporters and managers include: Former Tesco boss Terry Leahy, former head of m&s company Stuart Rose, Matalan company former head Angus Munro and Lewis family, in addition, Private investment company Balderton Fund is also one of the investors. Over the past few years, the hut has invested more than £ 70 million in money.