Addleshaw Goddard's market-leading banking team is delighted to have advised online beauty Retail Company The Hut Group on its latest funding facility taking its debt facilities to $1bn.
The company, which owns a number of brands including recently acquired eye cosmetics brand Eyeko, on which Addleshaw Goddard also advised, will use the cash boost to fund further acquisitions and grow its already impressive portfolio.
Addleshaw Goddard's team was led by Partner Martin O'Shea, with support from Elizabeth Wareing and Emma Parker. The firm has an established reputation in the personal care and health and beauty sector, having been instructed on a number of transactions, including advising bodycare supplier Grace Cole on its multi-million investment from the Business Growth Fund.
O'Shea comments: "This is what the AG banking team does best – advising clients on debt facilities with minimal fuss so they can get on with developing their business."
"We have experienced a large increase in activity within this sector and look forward to further building on this experience over the coming months."