Abu Dhabi Investors of IMI co-invested $158 million in UK firm The Very Group
Abu Dhabi investment firm International Media Investments, has taken part in a $158 million debt financing in The Very Group, a UK-based online retailer.
The Very Group, based in Liverpool and established in 1861 from as a mail-order catalogue business, generates £2.15 billion in annual revenue. It operates digital retail brands Very and Littlewoods, serving 4.4 million customers. (International Media Investments IMI is an Abu Dhabi private investment firm owning media brands like The National and CNN Business Arabic and stake in EuroNews. They also invest globally in media brands through Redbird IMI, a partnership with Redbird Capital Partners. More details about the deal is here)
International Media Investments is listed in the Middle East Investors Directory with the code JU14.
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