Vestiaire Collective’s €178 Million Funding Round

Dechert advised Vestiaire Collective in the transaction. J&A advised Balderton, Bpifrance Investissement, Condé Nast, Eurazeo growth, Fidelity International, Idinvest, Kering Venture, Korelya Capital, Tiger, Ventech and Vitruvian.

Vestiaire Collective, the leading global platform for desirable pre-loved fashion closed its new €178 million (US$210 million) financing round backed by SoftBank Vision Fund 2 and Generation Investment Management.

Existing shareholders Bpifrance (Large Venture), Condé Nast, Eurazeo, certain funds managed by Fidelity International and Korelya Capital (backed by NAVER) are reinvesting.

The Dechert team advising Vestiaire Collective was led by partner Federico G. Pappalardo (Picture) in Munich and also included national partner Xavier Leroux, special counsel Sophie Lafay and associate Yan Boistay in Paris.

The J&A team included Thomas Saltiel and Océane Christmann.

Involved fees earner: Yan Boistay – Dechert; Sophie Lafay – Dechert; Xavier Leroux – Dechert; Federico Pappalardo – Dechert; Océane Christmann – Joffe & Associés; Thomas Saltiel – Joffe & Associés;

Law Firms: Dechert; Joffe & Associés;

Clients: Balderton Capital; Bpifrance; Condé Nast; Eurazeo; Fidelity International; Idinvest Partners; Kering SA; Korelya Capital; Tiger Global Management; Ventech; Vestiaire Collective; Vitruvian Partners;

Naoual Sadouqi

Author: Naoual Sadouqi