Global law firm Dechert has advised Vestiaire Collective, a global platform for desirable pre-loved fashion, in connection with its new EUR178 million (USD210 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 EUR178 million fundraising which made the company the 11th French Tech unicorn; in 2020 on a EUR59 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 EUR40 million fundraising led by French national investment bank Bpifrance and Lazada founder Max Bittner as the new CEO of Vestiaire Collective.
