Investment firms Carlyle and IMI join The Very Group board

  • The Very Group secures £125m funding package from Carlyle and IMI
  • Funding will support the company’s growth strategy
  • Carlyle and IMI will each take a seat on The Very Group board
  • The group reported a £2m half-year loss
  • Very UK revenue grew 2.7% to £1.05bn
  • Pre-exceptional EBITDA increased 10.1% to £130.7m
  • Dirk Van den Berghe steps down as non-executive chair
  • Aidan Barclay assumes the role of the Group
  • Carlyle and IMI provide long-term support and expertise
  • The Very Group is well positioned for future growth

The Very Group has secured a £125m funding package from investment firms Carlyle and IMI to support its growth strategy. Carlyle Global Credit will provide £85m, while IMI will contribute £40m. As part of the agreement, Carlyle and IMI will each have a seat on The Very Group board, providing long-term support and expertise. The funding is immediately available for use by the company. Despite reporting a £2m half-year loss, Very UK revenue grew by 2.7% to £1.05bn. Pre-exceptional EBITDA increased by 10.1% to £130.7m. Dirk Van den Berghe has stepped down as non-executive chair, and Aidan Barclay will assume the role of the Group. The Very Group is well positioned for future growth.

Factuality Level: 8
Factuality Justification: The article provides factual information about The Very Group receiving a £125m funding package from investment firms Carlyle and IMI, the reasons for the funding, the financial results of the company, changes in leadership, and statements from involved parties. The article does not contain irrelevant information, misleading details, sensationalism, redundancy, or opinion masquerading as fact. The information presented is clear, relevant, and based on facts.
Noise Level: 3
Noise Justification: The article provides relevant information about The Very Group’s funding package, financial performance, changes in leadership, and statements from key individuals involved. It stays on topic and supports its claims with quotes from company representatives. However, the article lacks in-depth analysis, antifragility considerations, and accountability of powerful people.
Financial Relevance: Yes
Financial Markets Impacted: The funding package from Carlyle and IMI will support The Very Group’s growth strategy and potentially impact the investment firms involved.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses a funding package received by The Very Group to support its growth strategy. While there is no extreme event mentioned, the financial relevance is high as it involves investment firms and potential impact on the company’s growth.

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