Slaughter and May advised Balderton Capital in relation to its £200 million block trade of shares in THG
Slaughter and May advised Balderton Capital on its sale of approximately 27 million shares in THG plc, for gross consideration of approximately £208 million. The sale was completed via an accelerated bookbuild secondary placing, with each of Barclays Bank PLC, Citigroup Global Markets Limited, Goldman Sachs International and J.P. Morgan Securities acting as joint global co-ordinators and joint bookrunners and Jefferies International Limited acting as joint bookrunner.
Balderton Capital is a leading venture capital investor, focused exclusively on European founded technology companies. In April 2010, Balderton Capital became the first venture capital investor in THG (formerly The Hut Group), a global e-commerce technology and consumer brands group. In September 2020, THG completed its IPO on the Main Market of the London Stock Exchange, which was the largest tech IPO in the UK in the last five years and among the five largest UK tech IPOs of the decade.