A US investment bank and financial services giant has taken a stake in online retail group THG just over a year after working on its £1.88bn IPO.
Goldman Sachs now has a 4.8% holding in the Manchester-headquartered listed company, according to new documents filed with the London Stock Exchange.
THG floated on the stock exchange last year and was valued at £6.8bn at the end of 2020.
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At the time the float was the largest initial public offering (IPO) since 2013, comprising 376,273,998 shares in total, and led to chief executive Matthew Moulding receiving £830m in shares - one of the biggest payouts in UK corporate history.
Goldman Sachs is now one of the largest shareholders in THG but has a lower stake than the likes of Mr Moulding himself, SoftBank, BlackRock and Jupiter Asset Management.
The move comes after it was revealed that Mr Moulding, THG's billionaire founder, received a loan of more than £150m from a North West council.
The group also recently announced the acquisition of online retailer Cult Beauty for £275m and completed its $255m takeover of Bentley Laboratories, a US upmarket beauty products developer and manufacturer.
