London - Paul Hastings LLP, a leading global law firm, announced today that it advised Global Fashion Group, a portfolio company of Kinnevik and Rocket Internet, on its private placement of €330 million convertible preference shares to a group of 21 existing shareholders of the company.

As the leading online fashion retailer in the emerging markets, Global Fashion Group has a presence in 27 countries, employs more than 10,000 people worldwide and serves over 10 million customers per year.

The Paul Hastings was led by partner Peter Schwartz, assisted by associates Corey Blake, Albert Aharonian, Alicia Veglia and Eve Breda.