Balderton et al. in £14m The Hut Group pre-IPO placing
Balderton Capital has participated in a £14m pre-IPO placing of online retailer, The Hut Group .
London-based fund managers Artemis and The William Currie Group and retailer Angus Monro also participated in the fundraising. European investment bank Altium was the Lead Arranger for equity fundraising.
Founded in 2004, The Hut Group is an online consumer goods retailing platform offering entertainment products such as video games, DVDs, CDs and books - in addition to electronic devices, health & beauty, footwear, gifting, accessories, toys, and underwear & sports.
The company’s turnover has increased by over 150% , annually, since inception.
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