Carlyle takes control of Barclay family’s online retailer, The Very Group

* The Very Group, which operates digital retailers Very and Littlewoods, on Monday reported the completion of a transaction under which global investment firm Carlyle (CG [https://seekingalpha.com/symbol/CG]) becomes the company’s owner, and international media group IMI continues as a key stakeholder.
* The deal also marks the conclusion of the Barclay family’s involvement in the business, having supported the business over the last 20 years.
* "This transaction is a positive outcome for The Very Group, providing it with a strengthened capital base and enhanced financial flexibility to support investment in its long-term growth plans," the company said in a statement.

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