UNCOOKED ALERT: THG said to ... - Part 4 Wednesday, 5 January 2022, 4:08 pm A private equity firm is rumoured to be circling THG PLC, the London-listed digital retail company behind The Hut Group.
People following the situation have heard rumours bankers from Jefferies have been attempting to broker a deal between a buy-out firm and THG's management team, which is led by Matt Moulding, the founder of THG.
The identity of the buy-out firm interested in THG is unclear but some people following the situation suggested one of the large American private equity houses is studying the company.
The takeover speculation comes after Betaville Intelligence reported in December that THG was at the centre of talk the company could soon be involved in a major corporate event.
Back then people following the situation said the precise details of the transaction are unclear but suggested the "event" might include a takeover of the London-listed business led by Mr Moulding or a spin off of a large division.
THG floated last year to much fanfare but since then has endured a torrid time in the stock market, with the shares falling over 75pc.
In November 2021 Mr Moulding said in a wide ranging interview with GQ Magazine that he might look to take the company private following the company's share price decline.
Readers should be aware that THG's shares have risen subsctantially since Betaville Intelligence published its first Uncooked Alert in December and since then data providers such as IHS Markit have shown short interest in the stock has risen to over 4pc.