Shanghai Pudong Development Bank

Corporate

Portfolio

companies

Portfolio companies

The Hut Group

The Hut Group operates international online beauty and wellbeing retail brands powered by proprietary e-commerce technology.

Team

Andrew Woods

Relationship Manager

Andrew brings banking and relationship management experience from institutions including HSBC, Deutsche Bank, and Citi. He currently serves as UK Country Head and Branch Manager at BNF Bank.

Tad Becchetti

Tad brings risk management experience from roles at CMBC London Branch, HSBC, and Bank of America Merrill Lynch.

Recent investments

Debt4 April 2019

£770M

The Hut Group secures £770m revolving credit facility from Shanghai Pudong Development Bank

eCommerce

The revolving credit facility will support major investments in beauty, technology and infrastructure.

"We are delighted to join The Hut Group’s core banking facility at this exciting time in the company’s development. This transaction is in line with the banks strategy of facilitating UK corporates with their trade flows to China and underlines our confidence in the THG management team."

— Andrew Woods, Relationship Manager

The Hut Group—Manchester, UK

Barclays + 11 others