Very Group Secures £150m Injection, Extends £1.8bn Facility Ahead of £2bn Sale
Carlyle has injected £150m and converted part of its debt into equity at Very Group to reduce interest expenses as it seeks a £2bn sale. Very also extended its £150m credit facility to February 2030 and a £1.8bn securitisation facility to February 2028, easing its £2.3bn borrowings.
1. Financing Package Details
Carlyle has injected £150m into Very Group and converted part of its loan into equity to reduce interest burden and stabilize the balance sheet ahead of a sale.
2. Credit Facility Extensions
Very extended its £150m credit facility to February 2030 and its £1.8bn securitisation facility to February 2028, securing improved terms and additional breathing room on £2.3bn of borrowings.
3. Sale Process and Timetable
Barclays and JPMorgan have been tasked with marketing Very for a valuation around £2bn following Carlyle’s majority takeover in November 2025, as the firm seeks an exit.
4. Operational Performance and History
Very reported £2bn in annual revenues from 4.4 million customers and a 1.9% sales increase over the Christmas period, offset by a £500m 2025 loss after writing off prior‐owner loans.