M&A Deal Summary

THG Acquires The UK2 Group

On May 26, 2017, THG acquired internet software and services company The UK2 Group from LDC

Acquisition Highlights
  • This is THG’s 2nd transaction in the Internet Software and Services sector.
  • This is THG’s 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2017-05-26
Target The UK2 Group
Sector Internet Software and Services
Buyer(s) THG
Sellers(s) LDC
Deal Type Add-on Acquisition

Target

The UK2 Group

Shoreditch, United Kingdom
The UK2 Group is a global group of web hosting brands, providing web hosting and internet services to savvy surfers, small businesses and blue chip giants alike.

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Buyer(S) 1

Buyer

THG

Altrincham, United Kingdom

Category Company
Founded 2004
Sector E-Commerce
Employees6,797
Revenue 1.8B GBP (2024)
DESCRIPTION

THG is an online beauty and wellbeing businesses that operates 166 websites, retailing to customers in 160 countries. THG was founded in 2004 and is based in Altrincham, United Kingdom.


DEAL STATS #
Overall 8 of 13
Sector: Internet Software and Services M&A 2 of 5
Type: Add-on Acquisition M&A Deals 8 of 12
Country: United Kingdom M&A 7 of 9
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Ideal Shape

Lindon, Utah, United States

Ideal Shape LLC is a provider of products including weight management and protein shakes, bars and supplements, reaching customers through user generated content, personal trainer ambassadors and a large highly engaged social media audience.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 Beauty Trend

Berlin, Germany

Beauty Trend GmbH (GLOSSYBOX) is a Europe’s number one provider of beauty box subscription services. Operating in ten core markets, with offices in the UK, Germany, France, Sweden and the USA – its model is such that customers subscribe to a box of beauty products on either a rolling monthly or fixed term basis. With its strong brand, GLOSSYBOX has created an independent platform connecting beauty enthusiasts, brands and influencers. Today, GLOSSYBOX is the market leader in Europe and has subscribers in Germany, Austria, Switzerland, France, the UK, Ireland, Sweden, Norway, the USA and Canada and holds relationships to over 500 international beauty brands.

Buy -

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 108 of 210
Sector: Internet Software and Services M&A 2 of 9
Type: Add-on Acquisition M&A Deals 53 of 97
Country: United Kingdom M&A 105 of 204
Year: 2017 M&A 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Cardel

Baldock, United Kingdom

Cardel is a manufacturer and supplier of specialist components used in the production of secure ID documents, payment cards, printed circuit boards (PCB), fuel cells, wooden furniture and other laminated products. Its materials are used to make a wide range of industrially laminated products, including an estimated third of bank cards produced globally and around 60 per cent of all identity cards and passports. Cardel was formed in 1996 and is based in Baldock, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 A-Gas

Bristol, United Kingdom

A-Gas is an independent global specialist blender, re-packer, and distributor of specialty gases and chemicals to the refrigeration and insulation foam industries, primarily focusing on environmentally acceptable replacement products for chlorofluorocarbon (“CFC”) gases and liquids. A-Gas was founded in 1993 and is based in Bristol, United Kingdom.

Sell -