Noerr advises Global Fashion Group on a EUR 150 million financing round
Noerr is advising the globally operating e-commerce platform Global Fashion Group (GFG) in connection with a financing round and the integration of two additional Brazilian fashion portals. A Noerr team headed by Prof. Dr. Christian Pleister acted for GFC.
Under the leadership of the main investors Kinnevik and Rocket Internet, the current GFG investors are providing total equity of EUR 150 million. In addition, Kinnevik, Rocket and listed company Millicom are contributing their shares in the Brazilian online portals Kanui and Tricae, valued at EUR 150 million. Both companies will be integrated into Dafiti, a GFG portal. As a result of the transactions, the overall valuation of GFG increases to a total of EUR 3.1 billion.
Noerr already took the lead in 2014 in assisting the consolidation of five leading online fashion trading companies into Global Fashion Group, the globally leading online fashion platform in emerging markets. Companies which belong to GFG include the online fashion traders Dafiti (South America), Lamoda (Russia and CIS states), Zalora (Southeast Asia), Namshi (Middle East) und Jabong (India), all of which are leaders in their relevant markets.
Advisors Global Fashion Group: Noerr LLP
Prof. Dr. Christian Pleister (Frankfurt/Berlin, team lead), Dr. Peter Stauber (Antitrust, Berlin)
Michael Brandl (Munich), Alison Heinze (Berlin), Dr. Birthe Hericks, Julia Kominek (both Munich), Dr. Roland Kühne (Berlin), Ethel Nanaeva (Munich), Dr. Laurenz Tholen, (Berlin, all Corporate/M&A)