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New Deal


Announced

Completed

THG Holdings completed the acquisition of Dermstore from Target for $350m.

Financials

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Transaction Value£259m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.8x
EV/EBITDA86.38x
Share Price Premium-
One Off Charge-

Tags

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Private

Health Care Services

Cross Border

Single Bidder

personal care products

United States

Acquisition

Friendly

Majority

e-commerce

E-commerce

Completed

Synopsis

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The Hunt Group, a multi-website online retailer, completed the acquisition of Dermstore, a provider of personal care products, from Target, a company operating general merchandise discount stores, for $350m. "THG's acquisition of the US number 1 pure-play online prestige skincare business means over 20% of the Group's sales are now within the US, presenting an exciting opportunity to further scale the wider Group in a key global market, Matthew Moulding," THG Executive Chairman and CEO.

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