Balderton-backed Hut Group acquires Lookfantastic

Balderton Capital, Artemis, William Currie Group and ex-Matalan CEO Angus Monro participated in the financing round. The consortium had previously provided The Hut Group with £14m in April 2010.

The acquisiton fits with The Hut Group's strategy of progressively moving into the luxury goods market, particularly the health and beauty sector where Lookfantastic enjoys a strong positioning.

Founded in 1997, Lookfantastic is an online cosmetics retailer based in Hove. It was born out of the Crown's Salon Group, a business founded in 1978. The company sells hair and beauty products for men and women, and also operates 15 hair salons based in London, Sussex and Kent, along with a hairdressing training division.

Lookfantastic posted a £20m turnover and £2.8m EBITDA for 2009.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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• Topics
• UK / Ireland
• Expansion
• Consumer
• Acquisition finance
• Balderton Capital