Raising finance for and advising on a debt funded MBO of THG OnDemand from THG Group

IndustryRetail & Consumer
Sub-industryConsumer & Retail

BDO assisted the management team of THG OnDemand with the debt raise and buy-side M&A advice on the debt funded MBO. 

The OnDemand division, which includes Zavvi UK and website I Want One of Those, will rebrand under the ZavviGroup umbrella. It will continue to use THG’s ingenuity platform.

The MBO, funded via a fully revolving inventory and P&M facility, enables management to pursue ambitious growth plans for the business. 

"BDO’s Debt Advisory and M&A offerings worked seamlessly to deliver a deal structure that far exceeded our expectations. The combination of deep debt market knowledge, relevant sector specific experience and their proactive problem-solving approach ensured we could successfully navigate this complex process. We now have both the flexibility and headroom to execute the carve out and deliver our strategic growth plan with minimal dilution from our funding partner. We look forward to working with the BDO team on future funding and M&A projects.”

Leigh Amery, CEO, ZavviGroup