• New York
  • Berlin
  • London
The Hut Group
OCCF advises KKR on its investment into The Hut Group
Completed Transactions - The Hut Group Logo
Sector:
Online
Transaction Type:
Fundraise
Date:
July 2014
Deal Value:
Undisclosed

Oakley Capital Corporate Finance (‘OCCF’), the independent, pan-European, corporate finance firm offering expert specialist advice across the TMT sector, has advisedKKR, a leading global investment firm, on its investment into The Hut Group, the fast growing internet retailer.

The OCCF team, led by Chris Godsmark, Partner and supported by Oksana Stowe, Assistant Director, were closely involved in the deal process from the outset.

Based near Manchester, The Hut Group has become the UK’s leading, multi-website online retailer with rapidly growing international operations, all serviced from an innovative and advanced IT platform. Founded by Chief Executive Matthew Moulding in 2004, The Hut specialises in segments such as sport nutrition and health and beauty, with brands such as ‘myprotein.com’ and ‘lookfantastic.com’. Existing investors in the business include Balderton Capital, the leading European venture capital firm, and individual investors including Sir Stuart Rose and Sir Terry Leahy. In 2013, The Hut recorded sales of £184 million and the company is in line to report sales of £250 million this year. In 2013 EBITDA grew almost 50% to £15 million.

Chris Godsmark commented:

“We are delighted to have advised KKR on this investment in an exciting high growth sector. We look forward to working with KKR again in the future.”

The OCCF team has experienced a strong first half of 2014 and with this transaction has completed or signed nine deals and retainers since January. Other transactions include private market transactions involving LDC and ISIS, as well as the stock market listings of Just Eat and Manx Telecom.

“This is a year of significant expansion for Oakley, with a substantial increase in both deal volume and deal size, combined with the momentum of our equity capital markets advisory and IPObusiness. We continue to specialise in putting together smart deals on the buy-side and sell-sides for our clients, many of whom have worked with us for a long period.”

Since its establishment in late 2007, OCCF has completed over 50 transactions with a total enterprise value of over £5 billion.

For more information, please contact:

Chris Godsmark 
020 7766 6900

 

*Completed by Oakley Capital Corporate Finance

Related Transactions