Carlyle reportedly puts Very Group up for sale at £2bn valuation

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Summary · why it matters

Carlyle Group has launched a formal sale process for UK online retailer Very Group, valuing the business at £2 billion. The US private equity firm took control of Very last November for a nominal £1 after the Barclay family lost ownership, and has now appointed Barclays and JP Morgan to run the auction. PwC administrators said the sale is already in progress and expected to take several months, with initial interest from potential bidders including N Brown and Elliott Advisors. Carlyle, which had been Very's main creditor before taking ownership, has continued to back the business financially, providing £150 million earlier this year and extending credit facilities. Very posted a £500 million loss in 2025, mainly due to a loan write-off to its previous owners.

Impact on assets 4

Financials▲ · 2 stocks
Carlyle Group Inc
CG
▲ PositiveCapitalrelevance

Carlyle is selling Very Group at a £2bn valuation, potentially generating a significant return on its nominal £1 acquisition.

Consumer Discretionary▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 3

Elliott Investment Management L.P.Private± Mixed
relevance

N Brown GroupPrivate± Mixed
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PricewaterhouseCoopersPrivate± Mixed
relevance

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