Overview
- The company confirmed Carlyle as its controlling shareholder, with CEO Robbie Feather calling the move an important milestone and outlining plans to invest in technology and the customer experience.
- International Media Investments of Abu Dhabi will remain a key stakeholder and lender to the business.
- The board met on Sunday to ratify the governance changes ahead of Monday’s announcement.
- Carlyle’s ownership stems from financing provided since 2021, including several hundred million pounds that reshaped the capital structure.
- The Very Group reported £2.1bn in sales and £307m in EBITDA for the year to 28 June, underscoring solid trading despite the ownership change.