Business
COMPLETION OF ACQUISITION OF BENTLEY LABORATORIES
COMPLETION OF ACQUISITION OF BENTLEY LABORATORIES.
About this update from Thg Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9907B\n THG PLC\n 15 June 2021\n \n \n \n \n 15 June 2021\n \n \n \n \n \n THG PLC\n \n \n The Digital Brands Group\n \n \n \n \n \n COMPLETION OF THE ACQUISITION OF BENTLEY LABORATORIES LLC\n \n \n \n \n \n \n \n \n THG PLC (\"THG\" or the \"Group\"), the proprietary technology platform specialising in taking brands direct to consumers (\"D2C\"), announces that, further to the announcement made on 10 May 2021, it has completed the acquisition of Bentley Laboratories LLC (\"Bentley\"), following satisfaction of the completion conditions. \n \n \n \n \n \n As pr\n eviously announced, THG has agreed to acquire Bentley for total a consideration of $255.0 million in cash. \n Bentley is expected to contribute sales of c. \n $77m (c. £55m) and adjusted EBITDA of c. $15m (c. £11m) in FY 2022, and sales of c. $35m (c. £25m) and adjusted EBITDA of c. $7m (c. £5.0m) for the remainder of FY 2021.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Investor enquiries - THG plc\n \n \n \n \n \n \n \n \n \n \n \n \n \n Kate Grimoldby/Clara Melia\n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n Media enquiries -\n \n \n \n \n \n \n \n \n \n \n \n \n \n Powerscourt - Financial PR adviser \n \n \n \n \n Tel: +44 (0) 20 7250 1446\n \n \n \n \n \n \n Victoria Palmer-Moore/Nick Dibden/Lisa Kavanagh/Nick Hayns\n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n THG plc\n \n \n Viki Tahmasebi\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n ENDS \n \n \n \n \n \n Notes to editors\n \n \n THG (\n www.thg.com\n ) is a vertically integrated, digital-first consumer brands group, retailing its own brands in beauty and nutrition, plus third-party brands, via its proprietary, end-to-end, e-commerce technology, infrastructure and brand-building platform (THG Ingenuity) to an online and global customer base. THG's business is operated through the following businesses: \n \n \n THG Ingenuity\n : Ingenuity Commerce provides an end-to-end direct-to-\n consumer e-commerce solution for consumer brand owners under 'Software as a Service' (SaaS) licences. The wider Ingenuity di...