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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

THG shares soar on takeover move amid spate of private equity bids for UK firms

THG Wood United Kingdom Apollo Network International John Wood Group CVC Francisco Partners United States
THG logo with a smartphone in the foreground
THG’s share price jumped by 34% on Monday morning to 88p, having reached 97p in earlier trading. Photograph: Timon Schneider/Alamy

The online retail tech company THG has joined a string of mid-sized British companies at risk of being swallowed by private equity, as its shares were sent soaring by a takeover approach from the US investor Apollo.

THG’s share price closed up 45% on Monday at 95.8p after it revealed the approach in a statement to the stock market. It was valued at £860m on Friday before the offer was revealed.

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