Clipperton Finance advises Vestiaire Collective on $20m strategic investment led by Condé Nast International.
Clipperton Finance acted as Sole Manager of the transaction
London, Paris – September, 6th 2013 – Clipperton Finance, a leading European corporate finance boutique focused on the High Tech and Media industries today announced the closing of $20 million (€15 million) series C financing for Vestiaire Collective, the world’s leading resale community dedicated to trend driven luxury fashion and accessories. Condé Nast International has led the round alongside Idinvest Partners and existing investors Balderton and Ventech. Additional funding will be used by the company to accelerate international expansion. Clipperton Finance managed a selective process targeting both strategic and financial investors and helped guide the company and its shareholders through a variety of transaction structures and alternatives.
Based in Paris, Vestiaire Collective is the leading global online marketplace for the resale of trend driven luxury goods. All items are chosen, verified and shipped by the Vestiaire Collective experts in France, allowing the consumer to buy and sell genuine trend-driven luxury brand handbags, accessories and clothing for women, men and children. Vestiaire Collective was the recipient of the European E-Commerce Gold Award in June 2013, honouring excellence in the European e-commerce sector, recognising those companies contributing positively to the development of online retail, digital innovation and improvement of the customer journey.
“Clipperton Finance has been a long-term advisor to Vestiaire Collective and their domain expertise and relationships in the digital media sector were instrumental in the negotiation and execution of this transaction. Their experience and dedication resulted in a highly competitive process and a successful transaction for all parties. Working with Condé Nast is a tremendous opportunity for Vestiaire Collective – It is clear that inspiration leads to conversion in our environment. The legitimacy and the credibility of Condé Nast will reinforce our capacity to build an endless source of supply, pushing the convergence of pure user generated content and media to create the most inspiring social shopping experience.” remarked Sébastien Fabre, Co-Founder and CEO of Vestiaire Collective.
“Long term relationships with category leaders is a fundamental part of Clipperton Finance’s strategy and following a B-round in 2011 this new financing will enable Vestiaire Collective to successfully execute its ambitious development plan in different geographies. We are delighted to have helped Sébastien and his team enter a new & exciting phase of their growth.” said Clipperton Finance Partners Stéphane Valorge and Thomas Neveux.
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Clipperton Finance is a European corporate finance boutique exclusively dedicated to the HighTech and Media industries. Clipperton Finance advises high growth companies on mergers & acquisitions, capital raisings, capital restructurings and other strategic advisory services. With a team based in London, Paris and Berlin, and an international reach, Clipperton Finance is a European leader in the sector. The team has successfully structured more than 70 high level international transactions in the European High Tech sector. For more information, visit clipperton.net.
About Vestiaire Collective
Vestiaire Collective was created in 2009 with the intention of providing a trusted platform where people can buy and sell pre-owned fashion and accessories. It now has a growing community of 1.5m members and over 2.5m social interactions and mentions each month. The site differs from other consumer-to-consumer platforms through the combination of unique quality controls and the active online community of fashion lovers. All items on the site must be in perfect condition, regarded as on trend, in season and deemed desirable. Additionally, the site offers total freedom to its community members to converse and benefit from peer-to-peer reviews, feedback and comments on products proposed for sale by other members. For more information, visit vestiairecollective.com.