THG Plc (LSE:THG) entered into an agreement to acquire Bentley Laboratories Llc from Brian Fitzpatrick and The Riverside Company for approximately $260 million on May 10, 2021. The consideration is cash and debt-free basis. The transaction will be financed from the proceeds of a private placement for $1 billion comprising $730 million from from SBM subscribing for 86.6 million shares at 596 pence each, and a placing to raise $270 million through the issue of 32.0 million shares at the same price per share. The transaction is subject to US Regulatory approval and expected to complete within 30 days. Guggenheim Securities, LLC is acting as exclusive financial advisor to Bentley in the transaction. Bill Stewart of Jones Day acted as legal advisor to The Riverside Company.