Carlyle reportedly puts Very Group up for sale at £2bn valuation

Carlyle Group has started a ceremonial merchantability process for UK online retailer Very Group, successful a woody that values the concern astatine £2bn ($2.63bn), according to The Telegraph.

The US backstage equity institution took power of Very past November for a nominal £1 aft the Barclay household mislaid ownership.

Carlyle has present appointed Barclays and JP Morgan to tally the auction.

PwC administrators, who were brought successful past twelvemonth to negociate the handover of the institution to Carlyle, said the merchantability is already successful advancement and is expected to instrumentality respective months.

The Very Group has reportedly drawn archetypal involvement from respective imaginable bidders.

Among those seen arsenic imaginable buyers is N Brown, which had antecedently been linked with a operation involving Very.

Elliott Advisors, an concern institution that owns publication retailer Waterstones and Chinese e-commerce radical JD.com, is besides said to beryllium among funny parties.

Before taking ownership, Carlyle had been Very's main creditor.

Abu Dhabi-based media radical International Media Investments (IMI) besides became a large lender to the retailer done a wider fiscal restructuring.

Carlyle and IMI person some continued to backmost the concern financially portion pursuing a merchantability to recoup their investment.

Earlier this year, Carlyle provided £150m to enactment the retailer arsenic it dealt with unit from its indebtedness burden.

It besides prolonged a £150m recognition installation to February 2030 and obtained an hold connected a abstracted £1.8bn banking installation until February 2029.

Very posted a £500m nonaccomplishment successful 2025, chiefly owed to the write-off of a important indebtedness to its erstwhile owners.

The Barclay household had sought to merchantability the retailer earlier surrendering power to Carlyle, ending a 20-year transportation with the company.

Very Group was created done the operation of Littlewoods and Shop Direct.

Since 2024, the concern has been chaired by erstwhile Conservative curate Nadhim Zahawi.

"Carlyle reportedly puts Very Group up for merchantability astatine £2bn valuation" was primitively created and published by Retail Insight Network, a GlobalData owned brand.