Dechert advised Vestiaire Collective on the deal.
Vestiaire Collective, the leading global platform for desirable second-hand fashion, completed its new €178 million financing round, backed by global French luxury group Kering (KER.PA) and US investment firm Tiger Global Management. Following a strong year that saw the platform’s transaction volume grow over 100% year-on-year, this financing round confirms Vestiaire Collective as a unicorn and ideally positions it for its next cycle of accelerated growth.
Existing shareholders including Vestiaire Collective’s CEO, Max Bittner, Bpifrance (Large Venture), Condé Nast, the Eurazeo Group (Eurazeo Growth and Idinvest Venture) (RF.PA), certain funds managed by Fidelity International, Korelya Capital (backed by NAVER) (KRX: 035420), Luxury Tech Fund (LTF & Cuir Invest) and Vitruvian Partners also reinvest.
The Dechert team advising Vestiaire Collective was led by Munich/Frankfurt partner Federico G. Pappalardo (Picture) and Paris partner Anne-Charlotte Rivière, and also included Paris national partner Xavier Leroux, and Paris associates Aude Steinberg and Yan Boistay, as well as Munich associates Christian Böhme and Julia Keller.
Involved fees earner: Christian Böhme – Dechert; Yan Boistay – Dechert; Julia Keller – Dechert; Xavier Leroux – Dechert; Federico Pappalardo – Dechert; Anne-Charlotte Rivière – Dechert; Aude Steinberg – Dechert;
Law Firms: Dechert;
Clients: Vestiaire Collective;