Ellex and Taylor Wessing have advised Vinted on a EUR 340 million secondary sale of shares to new investors, raising the company's valuation to EUR 5 billion.
According to Taylor Wessing, the "transaction was led by TPG, a leading global alternative asset manager, and included other major investment funds including Hedosophia, Baillie Gifford, Invus Opportunities, and Moore Strategic Ventures. All of Vinted's existing institutional investors remain invested in the company."
Vinted is a Lithuania-based online marketplace for second-hand clothing and accessories.
The Ellex team included Partners Ruta Armone and Giedrius Stasevicius, Expert Gintaras Balcius, and Senior Associate Augustinas Macionis.
The Taylor Wessing team in London was led by Partner Ian Moore alongside Partners Paul Thorpe and Elinor Picton.
