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The Hut Group in line for £100m investment from KKR

Online retailer The Hut Group is set to receive £100m for a 20% stake in the company from Boots owner and private equity firm KKR.

The deal will value the Manchester-based etailer at £500m.

The move comes two months after The Hut ruled out an IPO, following the poor post-float performance of other companies that came to market this year.

The Hut Group chief executive Matthew Moulding owns 17% of the business and is understood to be increasing his share to 20% of the company as part of the deal, according to The Sunday Times.

Other investors in The Hut include former Tesco chief executive Sir Terry Leahy and former M&S boss Sir Stuart Rose.

Readers' comments (2)

  • wow not sure how they get that valuation to £500m!

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  • KKR must be insane. The Hut Group isn't worth anything near £500M. Almost as bad as the American investors who bought into JJB as it was going down the tubes.

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