US private equity firm Carlyle Group has supported a £150m refinancing at online retailer The Very Group, converting debt into equity in a moved designed to strengthen the company’s balance sheet, according to a report by The Independent.
Carlyle, which took ownership of Very in November 2025 following the collapse of the Barclay Brothers’ business empire, is also continuing to pursue a potential sale of the debt-laden retailer.
The refinancing package included an extension of Very’s UK securitisation facility to 2029 and a £150m revolving credit facility to 2030. Edward Fry, CFO at Very, said the deal “significantly strengthens the group’s capital structure” and provides a platform for further investment in digital and customer offerings.
Carlyle’s £150m capital injection underlines its ongoing support for the business as it seeks to deleverage and stabilise operations.
