Very Group

Investor: Carlyle

A substantial financing deal has been reported involving the UK's online retailer The Very Group, with its US private equity owner Carlyle executing a £150 million refinancing package.Summary of transaction details:Value: £150,000,000Sector: Retail / E-commerceAdvisor: Barclays and JP Morgan (appointed for the ongoing sale process)Key Entities: The Very Group (Target), Carlyle (Investor/Owner)Location: UKNote: This £150 million refinancing package by Carlyle converts existing debt into equity to reduce the burden of interest payments on the debt-laden retailer. The restructuring also extends the group's key credit lines, pushing a UK securitisation facility to February 2029 and a revolving credit facility to 2030 at lower interest rates. This strategic move is designed to deleverage the company, strengthen its capital structure, and provide a stable platform for growth ahead of a potential £2 billion sale.