May 12, 2021
Latham &
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.
Following strong
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.