Vinted Secures TPG-Led Secondary Investment at Valuation of €5B, Reflecting Profitable Growth
TPG Inc. - Class A (TPG)
Company Research
Source: PR Newswire
Secondary share sale of €340 million to a group of new investors, including TPG and Hedosophia, recognises employee contribution to Vinted becoming a leader in Europe.The transaction values Vinted at €5 billion and brings in new investors for the next phase of growth. In 2023, Vinted delivered 61% revenue growth and reached profitability, while investing for the future.LONDON, Oct. 24, 2024 /PRNewswire/ -- Vinted, Europe's leading second-hand C2C marketplace focused on fashion, has closed a secondary share sale of €340 million at a valuation of €5 billion. The transaction, led by TPG (NASDAQ: TPG), a leading global alternative asset manager, validates Vinted's opportunity and progress in developing and growing the second-hand market globally. It also diversifies the company's investor base with new expertise and rewards its employees and early investors for their contributions to Vinted's success. TPG Tech Adjacencies (TTAD), TPG's strategy dedicated to providing flexible capital solu
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Earnings
- 11/4/24 - In-Line
TPG
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/20/24 - Form 4
- TPG's page on the SEC website