Dechert Advises Vestiaire Collective on New €178 Million Fundraising Backed by SoftBank Vision Fund 2 and Generation Investment Management
September 22, 2021
Dechert advised Vestiaire Collective, the leading global platform for desirable pre-loved fashion, in connection with 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 in Munich and also included national partner Xavier Leroux, special counsel Sophie Lafay and associate Yan Boistay in Paris.
Dechert previously advised Vestiaire Collective in March 2021 on a €178 million fundraising which made the company the 11th French Tech unicorn; in 2020 on a €59 million fundraising that was secured amidst unprecedented market conditions and reported as highest capital innovation raise in France during the first French lockdown according to CFNews; and in 2019 on a €40 million fundraising led by French national investment bank Bpifrance and Lazada founder Max Bittner as the new CEO of Vestiaire Collective.
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Dechert is a leading global law firm with 22 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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