May 12, 2021
Watkins is advising the bookrunners on the placing of new Ordinary Shares by
THG, the proprietary technology platform specialising in taking brands direct
to consumers globally. The transaction includes a concurrent subscription for
new Ordinary Shares by SBM, a subsidiary of the SoftBank Group Corp.
demand in the bookbuild, the Placing was upsized, increasing the gross proceeds
from US$270 million to approximately US$320 million.
The Latham team was
led by London corporate partners Chris Horton and Jennifer Engelhardt, with
associates Haya Aftab and Kelsey Glover.