The second largest shareholder in online beauty, wellness and software giant THG has further increased its stake.
Sofina Capital now has a holding of more than 9% in the Greater Manchester-headquartered group, up from just over 8%.
The private equity firm can trace its roots back more than 120 years and is headquartered in Brussels.
READ MORE: THG: All you need to know about Matthew Moulding’s beauty, wellbeing and software giant
The move comes after US-based investment firm T. Rowe Price has snapped up a 5% stake in THG earlier this month.
That deal made T. Rowe Price THG’s eighth largest shareholder at the time.
Co-founder, chairman and chief executive Matthew Moulding remains the largest single shareholder in THG.
At the start of November shares in THG fell to a record low after its largest institutional shareholder sold nearly half its stake.
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US asset manager BlackRock has said it would sell 58 million shares in the Greater Manchester company at 195p each, valuing the deal at £113.1m.
It came after BlackRock, which is the world’s largest asset manager, held a 10.1% stake, or almost 124 million shares, in THG as of mid-October.
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