TPG, a US private equity group, is in talks to acquire a stake in Vinted, a Lithunian online peer-to-peer platform second-hand fashion platform, valuing the whole company 5 billion euros, the Financial Times reported on Friday.
TPG is in discussions to lead a deal that will see investors acquire several hundred million euros worth of existing shares in the business, according to people familiar with the matter, who cautioned that a transaction had not been finalized yet.
TPG, Vinted and US investment bank Morgan Stanley have refrained from prpviding any comment.
The Financial Times also reported last fall that Vinted was considering a sale of its shares worth more than 200 million euros.
TPG is one of the largest private equity groups with 229 billion US dollars of assets under management.
In 2019, Vinted became Lithuania’s first unicorn, a hugely successful start-up valued at over 1 billion euros. In November of that year, the company attracted 128 million euros in investment from Lightspeed Venture Partners and was valued at 1 billion euros.
In 2021, Vinted was valued at 3.5 billion euros.
Source: BNS
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